Abstract
The study examined the capital investment decision of small and medium enterprises ( SME’s) in Nigeria. The objective of the study is to determine if small and medium enterprises in Nigeria utilize investment techniques. The survey research method was employed to carry out the study. Data were elicited through the use of questionnaires and oral interviews. These data were analyzed and presented using a statistical technique such as tables and percentages. The result revealed that most small and medium enterprises in Nigeria utilized investment techniques in their investment decision. Based on the above findings, it was recommended that SMEs in Nigeria should be encouraged to employ the services of qualified professionals or someone who has knowledge on basic techniques for investment decisions, the government should organize frequent training for SMEs on financial and investment decisions.
Highlights
Chris-Aladum (2013) of Stanbic IBTC PLC posits that eighty percent of small and medium enterprises in Nigeria close shops within the first five years of their existence
Adebumiyi (2020) posits that the united Nation Industrial Development Organizations Investment and technology promotion office in Nigeria has called for the formation of effective strategies to address the increasing inability of small and medium enterprises to grow in the country
Studies have shown that only 20 percent of SME’s manage to survive in Nigeria. He further stressed that a financial expert with price water house cooper (PWC) Nigeria, Bola Adigun has said 80 percent of small business enterprises (SME’s) that collapsed in the country failed, due to cash flow problems arising from poor financial management practice
Summary
Chris-Aladum (2013) of Stanbic IBTC PLC posits that eighty percent of small and medium enterprises in Nigeria close shops within the first five years of their existence. Adebumiyi (2020) posits that the united Nation Industrial Development Organizations Investment and technology promotion office in Nigeria has called for the formation of effective strategies to address the increasing inability of small and medium enterprises to grow in the country. Studies have shown that only 20 percent of SME’s manage to survive in Nigeria. He further stressed that a financial expert with price water house cooper (PWC) Nigeria, Bola Adigun has said 80 percent of small business enterprises (SME’s) that collapsed in the country failed, due to cash flow problems arising from poor financial management practice. He further stressed that a financial expert with price water house cooper (PWC) Nigeria, Bola Adigun has said 80 percent of small business enterprises (SME’s) that collapsed in the country failed, due to cash flow problems arising from poor financial management practice. McMahon and Holmes (1991) posit that careless and poor financial management practice has been identified as one of the reasons for small business failure. Wong (2010) explained that the financial distress of an organization can increase when such company fails to meet its financial obligation or has difficulty in making payment due to cash flow deficiency
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