Small and Medium Scale Enterprises
CENTRAL BANK OF NIGERIA
SEMINAR ON
SMALL AND MEDIUM INDUSTRIES EQUITY INVESTMENTS
SCHEME (SMIEIS)
Publication of
CBN Training Centre, Lagos
NO. 4
Central Bank of Nigeria (CBN)
Published 2003
All rights reserved. No part of this publication may be reproduced, transcribed, translated in any other language, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, magnetic, chemical, photocopying, recording, manual or otherwise, without the prior permission of the publisher.
1
TABLE OF CONTENTS
Page
Preface
...
Acknowledgement
...
...
...
…
…
…
iii
...
...
...
…
…
…
iv
…
1
Survey of Small and Medium Scale Industries and Their
Potentials in Nigeria. By F.N., Udechukwu, AGM,
African Express Bank Plc
…
…
…
…
The Role of Central Bank of Nigeria in Enterprises Financing.
By C.M. Anyawu, Deputy Director, Research Dept.,
Central Bank of Nigeria
…
…
…
…
…
15
Problems and Prospects of Small and Medium-Scale Industries in
Nigeria. By J.A. Olorunshola, Asst. Director/Vice Principal
(Academics), CBN\ Training Centre …
…
…
…
29
Guidelines and Stakeholders Responsibilities in SMIEIS.
By Chief A.T. Salami, Deputy Director, Development Finance
Dept., CBN… …
…
…
…
…
…
…
45
Concepts of Equity Financing and its Implication for SMIEIS.
By Rotimi Oyekanmi, MD/CEO, SME Managers Limited …
61
Critical Success Factors in the Implementation of SMIEIS.
By Dr. L. Osa-Afiena MD/CEO Bank of Industry …
…
81
Financing Small and Medium Enterprises Under SMIEIS: Operators’
Perspective. By B.O. Adelaja, Asst. General Manager,
Union Bank of Nig. Plc
…
…
…
…
…
95
2
PREFACE
The production of goods and services in the most efficient manner has continued to be the only viable and reliable option for development, growth and survival of any economy.
The development of Small Scale Enterprises (SMEs) in Nigeria is therefore an essential element in the growth strategy. SMEs not only contribute significantly to improved living
SEMINAR ON
SMALL AND MEDIUM INDUSTRIES EQUITY INVESTMENTS
SCHEME (SMIEIS)
Publication of
CBN Training Centre, Lagos
NO. 4
Central Bank of Nigeria (CBN)
Published 2003
All rights reserved. No part of this publication may be reproduced, transcribed, translated in any other language, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, magnetic, chemical, photocopying, recording, manual or otherwise, without the prior permission of the publisher.
1
TABLE OF CONTENTS
Page
Preface
...
Acknowledgement
...
...
...
…
…
…
iii
...
...
...
…
…
…
iv
…
1
Survey of Small and Medium Scale Industries and Their
Potentials in Nigeria. By F.N., Udechukwu, AGM,
African Express Bank Plc
…
…
…
…
The Role of Central Bank of Nigeria in Enterprises Financing.
By C.M. Anyawu, Deputy Director, Research Dept.,
Central Bank of Nigeria
…
…
…
…
…
15
Problems and Prospects of Small and Medium-Scale Industries in
Nigeria. By J.A. Olorunshola, Asst. Director/Vice Principal
(Academics), CBN\ Training Centre …
…
…
…
29
Guidelines and Stakeholders Responsibilities in SMIEIS.
By Chief A.T. Salami, Deputy Director, Development Finance
Dept., CBN… …
…
…
…
…
…
…
45
Concepts of Equity Financing and its Implication for SMIEIS.
By Rotimi Oyekanmi, MD/CEO, SME Managers Limited …
61
Critical Success Factors in the Implementation of SMIEIS.
By Dr. L. Osa-Afiena MD/CEO Bank of Industry …
…
81
Financing Small and Medium Enterprises Under SMIEIS: Operators’
Perspective. By B.O. Adelaja, Asst. General Manager,
Union Bank of Nig. Plc
…
…
…
…
…
95
2
PREFACE
The production of goods and services in the most efficient manner has continued to be the only viable and reliable option for development, growth and survival of any economy.
The development of Small Scale Enterprises (SMEs) in Nigeria is therefore an essential element in the growth strategy. SMEs not only contribute significantly to improved living
References: Adebusuyi, B. S. (1997) Performance Evaluation of SmallMedium Enterprises (SMEs) in Nigeria. Bullion Vol.21 No.4, Central Bank of Nigeria. 2 Anderson, Dennis (1982) “Some Industry in Developing Federal Ministry of Finance and Economic Development (1989). The National Economic Reconstruction Fund, Information Bulletin and Operational Guidelines, January (1988). Olorunshola, J. A. (2001) “Industrial Financing in Nigeria: Some Institutional Arrangements” CBN Economic and Financial Review Sule, E. I. K. (1986) “Small Scale Industries in Nigeria: Concepts, Appraisal of Government Policies and Suggested Solutions to Uduebo, M.A. (1985) “The Role of Monetary and Fiscal Policies in Industrial and Agricultural Development in Nigeria” CBN World Bank (1995) “Private Sector Development in Low Income Countries.” Washington, D.C. index of industrial progress (Owualah, 2001) lately, however, this view has changed, as the importance of small-scale industries in promoting