Micro Economics Variables: Evidence on Credit Facility Obtained By Smes in Nigeria

Micro Economics Variables: Evidence on Credit Facility Obtained By Smes in Nigeria

Author by Dr. Samuel Olaoye

Journal/Publisher: American Based Research Journal

Volume/Edition: 8

Language: English

Pages: 29 - 39

Abstract

The study evaluated microeconomic variables namely interest rate exchange rate and inflation rate on credit facility obtained by Small and Medium Enterprises (SMEs) in Nigeria. The study employed ex post facto research design. Data were extracted from the Central Bank of Nigeria statistical bulletin from 1990 to 2018. The study found out that a significant relationship exists between the three independent variables namely interest rate, exchange rate, inflation rate and the dependent variable i.e credit facility. The study therefore concluded that the government should work and bring in policies that will reduce the interest rate, exchange rate and inflation rate in the country so as to help SMEs to grow


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