THE CONTRIBUTION OF COMMERCIAL BANKS TO THE GROWTH OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA

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Summary

From the study so far, we could see that commercial banks have contributed to the financing of the SMEs in Nigeria to ia certain extent and their contribution has been declining over the years. A data set comprising of individual data of ten icommercial banks shy away from lending to the SMEs. This study confirms that commercial banks still remain an important source of finance ifor SMEs and an avenue through which SMEs can grow. This study confirms that there is ia strong relationship between the commercial banks loans and the development of the SMEs in Nigeria and the SMEs have a significant contribution to the GDP iof the country.

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