Small and Medium Scale Enterprises Financing and Economic Growth in Nigeria
This in-depth study into the essential features of the existing micro, small and medium scale industries is justified on the grounds that many policies in the past, which sought to address the problems of the real sector of the Nigerian economy, seemed to have failed. This, it has been realized, was due mainly to their reliance on big "White elephant" projects, which appeared physically impressive but had no linkages with the rest of the economy. In addition, the industrialization strategy adopted then, was neither resource-based nor was it technology-based. It simply relied on the blind optimism that the establishment of these industries would eventually lead to the transfer of appropriate technology and its adaptation to suit the Nigerian environment.