The Influence of Financial Literacy on the Performance of Small and Medium Scale Enterprises (SMEs) in Bauchi Metropolis
Keywords:
Financial Performance, Financial Attitude, Financial LiteracyAbstract
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..