BACKGROUND OF THE STUDY Small and medium scale enterprises (SMEs) as defined by the National Council of Industries referto business enterprises whose total cost excluding land is not more two hundred million naira(200,000,000) only. It has been argued that SMEs are an effective instrument for economic growthand development in development as well as less developed countries (Beyene, 2002; Nitani, 2005)this is because SMEs contribute significantly to the Gross Domestic Product (GD...
