Assessing the Impact of Financial Accessibility on Small and Medium Enterprises’ Profitability


  • Wisdom Andrew Azzuwut Ahmadu Bello University Zaria
  • Bello Sabo Ahmadu Bello University Zaria
  • Tijani Bashir Ahmadu Bello University Zaria



Impact, Financial accessibility, Small and medium enterprises profitability


In a developing nation like Nigeria, small and medium-sized businesses (SMEs) have had a difficult time in accessing banking services especially when trying to acquire external financing, they encounter several difficulties. This is due to low level of financial literacy among SMEs owners and Managers. SMEs in Nigeria‘s Plateau State make up the study population. According to SMEDAN‘s estimates from 2021 there were 14558 registered SMEs in Nigeria‘s Plateau State. The study employed a survey research approach, in which 316 questionnaires were utilized to collect primary data using the convenient sampling technique. The study particularly used a multivariate regression model. The results of the research on assessing the impact of financial accessibility on small and medium enterprises profitability showed a strong positive correlation between profitability of SMEs and loan, overdraft, collateral requirement, and size. As a result, the study suggests that owner’s managers of SMEs in developing economies with limited finances should consider recapitalizing their businesses through more finances from existing financial service providers such as banks and should have more capacity building to have better access to finance. 

Author Biography

Wisdom Andrew Azzuwut, Ahmadu Bello University Zaria

Department of Business Administration, Ahmadu Bello University Zaria




How to Cite

Azzuwut, W. A. ., Sabo, B., & Bashir, T. . (2023). Assessing the Impact of Financial Accessibility on Small and Medium Enterprises’ Profitability. Gusau International Journal of Management and Social Sciences, 6(3), 132–147.