DOI: 10.36347/sjebm.2015.v02i12.002

Pages: 1143-1150

The issue of Small and Medium Scale Enterprises rising today and closing up tomorrow has become a cause of concern to researchers and stakeholders of the SMEs sub sector. This has led to many studies in that direction one of which is this discourse on Finance Management in Small and Medium Scale Enterprises in Nigeria: Problem and Prospects. The study investigated access to sources of fund for SMEs in Nigeria; identified problems of finance management for SMEs in Nigeria; examined how the nation‟s financial policies have helped SMEs in Nigeria in finance management and having inferred from qualitative and quantitative reports of studies, it discovered that the major problem of the SMEs in financial management lies in planning which is the consequence of its formation process that is influenced by the political and economic environment of Nigeria. Therefore, the study using the budgetary approach discussed the prospects of the SMEs in Nigeria, and thus made recommendations.