Small and Medium Enterprises Investment Vehicles in Nigeria: The Challenges and Prospect

Abstract

This study stands to find out the various investment vehicles in the Small and Medium enterprises (SME) sector in Nigeria. The research also ascertained the challenges confronting investors to invest in the identified investment vehicles in the SME subdivision. The research utilized both interpersonal interview and desk research approach and reviewed related epistles on the phenomenon to provide conceptual evidence. The paper observed that there are numerous investment vehicles in the SME sector that potential and existing investors can benefit from. The viability of the SME subdivision has a great influence on the growth of the overall economy of a nation. The research recommended in line with the evidence from the reviewed papers and the drawn conclusion that, government should provide enabling economic, political and socio-cultural environment to influence investors to invest in the SME sector in Nigeria. Government should reduce the multiple tax options and implement policy that will regulate those imposing unnecessary dues on the SME sector in Nigeria. Government should provide the basic infrastructural needs to enable SME sector to operate effectively in Nigeria. Government should do more to provide security gadgets everywhere in Nigeria to detect the bad gangs, armed robbers, etc. so as to reduce insecurity.