Changes in Government Policies Linked With Low SME Growth
 30th OCT 2006

The slow rate of growth and development of the Small and Medium Enterprises (SMEs) sub-sector has been linked with frequent changes in government policies.

Mr. Olatunji Hassan of the United Bank for Africa (UBA) who made this declaration recently in Lagos while addressing the 2006 Batch "B" corps members at the orientation camp stressed that the inconsistency in government policies has greatly affected key elements of investments and consequently constrained the development of the sub-sector.

He also blamed the government for its failure to implement policies necessary to support the growth of SMEs. The UBA chief also identified the lack of adequate skills in venture capital techniques by staff of banks as a major constraints to SMEs development.

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