Project Finance for Small and Medium Scale Enterprises (SMEs) in Nigeria

Abstract

Project financing is one of the best methods of seeking to acquire capitals Funds and other tools to finance a planned business activity which will yields profit in order to liquidate the procured fund. Financing project for SMES is carried out by Federal, States and some development Institutions. In Nigeria, project financing can be secured in Central bank of Nigeria, state governments, money deposits, and micro finance institutions. Provisions of basic infrastructure and increased funding of institutions meant to assist SMES will improve their conditions.