FINANCING OF SMALL AND MEDIUM SCALE ENTERPRISES AND ITS GROWTH IMPACT IN NIGERIA.

: We examined the extent to which SMEs financing influenced economic growth in Nigeria through use of time-series data from 1999-2018. After a literature search, other factors possessing potential influence dependent variable ASGDP was added research model. Relying on Ordinary Least Squares estimation using E-views 10.0, findings shows that lending rate reduces by 7% and gross capital formation 5%. On hand, surprisingly, credit did not retain massive effect as seen previous studies. can attribute this our choice adopting SME contribution GDP target variable. Electricity distribution increased 4.6%. Policy recommendations Federal Government apex bank are; inflows vis-à-vis affordable local loans at single digit (interest rate) is necessary enhance performance simultaneously. tariffs should be heavily subsidized for small medium scale enterprises decrease their overhead cost.