International Journal of Academic Information Systems Research (IJAISR)
  Year: 2021 | Volume: 5 | Issue: 8 | Page No.: 1-7
An Analysis of Management of Small and Medium Enterprises for Economic Growth: Nigeria Situation
Josephine Ivoma Orga, PhD, Ekwochi, Eucharia Adaeze, PhD, Ejime, Emeka Patrick, PhD

Abstract:
This paper is examining the An Analysis of Management of Small and Medium Scale Enterprises for Economic Growth of Nigeria. Small and Medium Scale Enterprises globally are seen to be a catalyst for economic growth and national development for both developed and developing countries. In Nigeria Small and Medium Scale Enterprises is expected meet up with the policy thrust of government in the area of employment generation, rural development, economic growth and industrialization, better utilization of indigenous resources towards general economic growth. Despite the efforts of this sector in helping to reduce unemployment it has its challenges, especially in the management aspect. The challenges ranged from, high level insecurity, and lack of management skills, poor record keeping, poor administration of government assisted programmes etc have hindered the achievement of the economic objectives of these small and medium scale enterprises in Nigeria. This among others was the findings. The gross domestic product is very low when compared to other countries because SMEs are not doing so much to increase their products and services due to preference for foreign products. It was concluded that for SMEs to achieve economic growth in Nigeria that there has to be a total overhaul of everything that is posing a threat to SMEs performing optimally. It was concluded among other that Government should ensure that these challenges of Small and medium scale enterprises such as inadequate finance, low competitive advantage, poor infrastructural facilities, insecurity, and government policy are adequately addressed.