Financial Management Practices in Nigerian Micro, Small and Medium Enterprises: Challenges, Constraints, and Pathways to Sustainability
In Nigeria, Micro, Small and Medium-Scale Enterprises (MSMEs) are widely regarded as the backbone of the country’s economy, contributing 46.32% of GDP and accounting for 96.9% of businesses and 87.9% of employment as of 2024. Yet a large share of Nigerian SMEs fails within their first five years, a pattern that scho...