How Do the Recital of Small and Medium Enterprises (SMEs) in Nigeria Getting Affected by Microfinance Bank Interest Rate?

Abstract

This study aimed to find the influence of interest rate of Microfinance Bank on the recital of Nigerian SMEs. The population is the whole amount of staffs from Olowolagba Microfinance Bank, Ogbomoso, Oyo state, Nigeria. The sample frame for this study was random sampling techniques and consists of the staffs in Olowolagba Microfinance Bank, Ogbomoso. However, there are twenty (25) and the sample size is made up of twenty-five (25) of those staffs. In carrying out this study, the researcher made uses of both primary and secondary sources of data.

With the help of descriptive and inferential statistics research design and regression analysis as test the testing of hypothesis has been conducted. The study suggested that transparent national development goals are required to fulfill objectives of the SMEs sector. It has been revealed that proper policy formulation is not only solution as it often led to failure in case of policy employment.