SMEs Supply Chain Finance The Role of Micro Finance Banks Activities in Abuja FCT Nigeria (original) (raw)

This study sets out to assess Micro Finance Banks' activities and SMEs Supply Chain Finance in the Federal Capital Territory(FCT), with the twin objectives of assessing if Micro Finance Banks activities in the FCT meets the supply chain obligations of SMEs and to determine whether the growth and survival of SMEs in the FCT are independent of the activities of Micro Finance Banks. The methodology adopted for the study is descriptive survey design and at the end, the study found that, MFBs activities have a negative relationship with SMEs supply chain finance meaning; the activities of Micro Finance Banks are not related to SMEs meeting their supply chain obligations in the FCT, Abuja. While on the other hand, it is found MFBs activities has positive relationship with the growth and survival of SMEs, meaning; the activities of Micro Finance Banks are not independent of the growth and survival of SMEs in FCT. It is therefore recommended that; the Federal Government/CBN should direct MFBs to prioritise SCF services to SMEs sector, lower interest rates to single digit, and ensure adequate monitoring on intervention initiatives, while SMEs should also acquire relevant business skills.