The Influence of Financial Literacy on the Performance of Small and Medium Scale Enterprises (SMEs) in Bauchi Metropolis

Authors

  • Olalekan Olukemi Oluyemisi Department Of Banking and Finance, Federal Polytechnic, Bauchi. Author

Keywords:

Financial Performance, Financial Attitude, Financial Literacy

Abstract

This study investigated the impact of financial literacy on the financial performance of small and medium scale enterprise (SMEs using the sample size of 223  SMEs in Bauchi metropolis. Result from the study indicated that there is a relationship between financial literacy and the performance of SMEs. In general, the findings revealed that there is a significant  positive relationship between SMEs performance and financial literacy. The study recommended that the providers of various financial literacy programs should consider implementing a program which fits the culture and traditions of the people as well as preceding financial literacy and technology training with adequate technological infrastructures like electricity, network connectivity, to make its implementation a reality..

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Published

2024-08-31

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Section

Articles

How to Cite

Olalekan Olukemi Oluyemisi. (2024). The Influence of Financial Literacy on the Performance of Small and Medium Scale Enterprises (SMEs) in Bauchi Metropolis. Journal of Business Development and Management Research, 5(7). https://africanscholarpub.com/ajbdmr/article/view/317

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