Pages: (99-117 )
Abstract
Inclusive financial arrangement is becoming a global economc policy as it has been perceived as a measure for Small and Medium IEnterprises (SMEs) growth output.Financial exclusion of SMEs from Central Bank of Nigeria financial inclusion programmes by deposit money banks has led to a fall in SMEs output rate and continuous collapse of SMEs in Nigeria. This study examined the effect of SMEsfinancial inclusion on SMEs growth rate in Nigeria. Data were subjected to ARDL Bound Test within the period of 1980 to 2015.The results revealed that SMEs financial inclusion indicatorshave bound effect on the SMEs growth in Nigeriaat 5% level of significance.The study concluded that there is high propensity for SMEs growth if SMEs financial inclusion programmes are well implemented by the monetary authorities.The study recommended that government should put in place financial inclusion policies that enable SMEs easy access to loan at reduce cost.
Keywords: Financial inclusion, SMEs output, Performance and Nigeria economy.,