Effect of financial inclusion strategies on performance of Small and medium enterprises in Nigeria

Abstract

The policy thrust of this paper was to examine the Financial Inclusion Strategies on Performance of Small and Medium Enterprises, Nigeria. Secondary data were used for this study. The descriptive statistics and inferential statistics were used to achieve the objectives of the study. The results showed that Commercial bank credit coverage per 1,000 adults has both positive and significant effect on the performance of small and medium scale enterprises in Nigeria, making Commercial bank deposit coverage per 1,000 adults supportive and desirable for SME performance.Commercial bank deposit coverage per 1,000 adults has no simultaneous positive and significant effect on the performance of small and medium scale enterprises in Nigeria, making Commercial bank deposit coverage per 1,000 adults inhibitive to SME performance. Commercial bank branch coverage per 100,000 adults has no simultaneous positive and significant effect on the performance of small and medium scale enterprises in Nigeria, making Commercial bank branch coverage per 100,000 adults inhibitive to SME performance.