Impact of Small and Medium Scale Enterprises (smes) on Economic Growth in Nigeria (1990–2023)
Student: Adedotun Esther Okunrotifa (Project, 2025)
Department of
Ekiti State University, Ado-Ekiti, Ekiti State
Abstract
This study investigates the impact of Small and Medium Enterprises (SMEs), inflation, trade openness, and economic growth in Nigeria from 1990 to 2023 using the ARDL (Autoregressive Distributed Lag) estimation model to examine long- and short-run relationships between these variables. Data were obtained from the Central Bank of Nigeria, National Bureau of Statistics, and the World Bank. Findings reveal that SMEs significantly contribute to GDP in both the short and long run, highlighting their role in job creation and economic diversification. Inflation negatively affects GDP, while trade openness promotes growth. The study concludes that SMEs are vital to Nigeria’s economic growth and recommends policies that enhance SME access to finance, control inflation, and strengthen trade liberalization.
Keywords
For the full publication, please contact the author directly at: okunrotifaadedotun@gmail.com
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Institutions
- Sokoto State University, Sokoto, Sokoto State 42
- St. Albert The Great Major Seminary, Abeokuta. (affl. To University of Benin) 1
- Sule Lamido University, Kafin Hausa, Jigawa State 4
- Tai Solarin University of Education, Ijagun, Ogun State 18
- Tansian University, Oba, Anambra State 1
- Taraba State University, Jalingo, Taraba State 32
- Temple-Gate Polytechnic, Osisioma, Abia State 1
- The Oke-Ogun Polytechnic, Saki, Oyo State 6
- The Polytechnic, Ibadan, Oyo State 13
- THOMAS ADEWUMI UNIVERSITY, OKO-IRESE, KWARA STATE 1