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The Political Economy of Funding Small and Medium Entterprises Schemes(SMES): Implication for Optimising Business Performance in 21st Century Nigeria

Authors: Ojo Olawole

Publication Type: Journal article

Journal: Journal Of Internationalpolitics And Development

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Abstract

The paper reviewed the political Economy of Nigerian government’s policy initiatives towards funding SMEs schemes in Nigeria and the implications for business performance in contemporary times. Political economy as a tool of analysis describes the inherent motives of governmental policies and the eventual out comes as applied in this paper. From the view point of Marxian scholars, the motives and the driving force behind most if not all the policy initiatives of government are the gains for those who control the means and the distribution of the societal values and scarce resources in the state. Also germane to the above theme is the environment in which such policies are introduced. Apart from this is the fact that the enabling environment in which such policies are to work is absent and/or unfavourable, particularly in emerging economies like ours. One of such factors include amongst others, the high interest rates in the financial sector of the Nigerian economy especially when one considers that the state would provide the capital needed through the banks. This paper adopted the descriptive and qualitative mode of analysis in data and information gathering while it adopted the political economy approach and the decision making cum incremental policy theory. The paper therefore conclude that until and when government of Nigeria start to identify and put in place the enabling facilities and the political will to make sure such policy initiatives are well sustained, performance of businesses particularly the small and the medium scale ones will continue to be poor.

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Ojo,O. . (2016). The Political Economy of Funding Small and Medium Entterprises Schemes(SMES): Implication for Optimising Business Performance in 21st Century Nigeria, 14 (), 175-175.

Ojo,O. . "The Political Economy of Funding Small and Medium Entterprises Schemes(SMES): Implication for Optimising Business Performance in 21st Century Nigeria" 14, no (), (2016): 175-175.

Ojo,O. and . (2016). The Political Economy of Funding Small and Medium Entterprises Schemes(SMES): Implication for Optimising Business Performance in 21st Century Nigeria, 14 (), pp175-175.

OjoO, . The Political Economy of Funding Small and Medium Entterprises Schemes(SMES): Implication for Optimising Business Performance in 21st Century Nigeria. 2016, 14 ():175-175.

Ojo,Olawole , . "The Political Economy of Funding Small and Medium Entterprises Schemes(SMES): Implication for Optimising Business Performance in 21st Century Nigeria", 14 . (2016) : 175-175.

O.Olawole , "The Political Economy of Funding Small and Medium Entterprises Schemes(SMES): Implication for Optimising Business Performance in 21st Century Nigeria" vol.14, no., pp. 175-175, 2016.

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