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Summary
The Small and Medium Scale Enterprises Development Agency of Nigeria (SMEDAN) should ensure that all stakeholders maintain proper and accurate records. It should also publish the activities of SMEs in the country from time to time as this will go a long way in keeping all stakeholders abreast about the activities of SMEs and in particular it will facilitate quality research work as researcher may not have need to falsify data. The impact of Small and Medium Scale Enterprise cannot be overemphasized as it has greatly contributed to the economy of Nigeria and has likewise played a prominent role in reducing the rate of unemployment in the country.