Appraisal Of The Action Of Osun State Government For The Development Of Small And Medium-Sized Enterprises

Abstract

The objective of this research work is to evaluate the effort of Osun State Gov-ernment as it affects the small and medium enterprises, also to analyse the suc-cess achieved by the said state government in relation to small and medium en-terprises(SMEs). Furthermore, the study explains various schemes that support SMEs in Osun state, and ultimately look into the intrinsic effect of SME’s on the development of the economy in Osun State.

The theory parts explains how successful SMEs businesses has affected the growth of the nation’s economy ,also highlights various challenges faced with Small and Medium scale Enterprises among which are management issues, fi-nancial incapability also economic issues. Furthermore, different loan schemes for SMEs and their functions are discussed, and process involved to have access to them. The materials used for this thesis was gathered from books and online resources, also previous studies on the subject.

The descriptive research method is used for data analysis and interpretation. Specifically, co-relational descriptive research method is used which intends to find out whether projects financed by Osun state Government lead to economic development as a result of job creation. And from the analysis of data, there is a perfect strong positive relationship between the numbers of projects financed by the state government of Osun state and employment creation. This means that if Osun state government finances more projects then more jobs will be created through Small and Medium scale Enterprises development.