MEDIUM SCALE ENTERPRISES

In order for Small and Medium-scale Enterprises (SMEs) to achieve their strategic objectives and maintain financial stability, effective budgeting is essential. In the context of SMEs operating in Benin City, Nigeria, this case study investigates the importance of budgeting. This study attempts to emphasize the crucial role budgeting plays in setting clear objectives, managing resources effectively, and ultimately spurring business success by looking at the experiences of several SMEs in the area. To collect information from a varied sample of SMEs, the study uses both qualitative and quantitative research approaches, including surveys and interviews. It clarifies the difficulties and advantages of budgeting procedures in Benin City's SME sector through thorough examination. The results highlight the crucial
significance of budgeting as a foundational skill. A tool for SMEs to overcome financial difficulties, improve financial performance, and realize their long-term objectives. This study also offers helpful advice and suggestions for SMEs in Benin City and beyond, highlighting the importance of strategic budgeting as a cornerstone of long-term company growth.

This study examined the impact of entrepreneurial education on the profitability of Small and Medium Scale Enterprises (SMEs) in Edo State, Nigeria. The study in vestigated the effect of formal education, skill acquisition, and reading of business books on SME gross profit. A survey research design was adopted, and primary data were collected through structured questionnaire administered to SME owners and managers in Egor, Oredo, and Ikpoba-Okha Local Government Areas of Edo State. Out of the questionnaire distributed, 121 valid responses were analyzed. Descriptive statistics, correlation analysis, and multiple regression techniques were employed using SPSS to examine the relationships among the variables. The findings revealed that formal education, skill acquisition, and reading of business books all have positive and significant effects on SME profitability, with skill acquisition demonstrating the strongest influence on gross profit. The study
concludes that entrepreneurial education plays a critical role in improving the sustainability and financial outcomes of SMEs. It recommends greater emphasis on practical, skill-oriented training programs and continuous entrepreneurial learning
initiatives to strengthen SME profitability and contribute to sustainable economic development in Nigeria

The study empirically examined the contribution ofinsurance companies to the growth ofsmall and medium scale enterprises in Nigeria for the period 1986 to 2022. The specific objectives were to find out whether insurance premium (INPR), insurance investment rate (INVR),insurance penetration (INPEN) and insurance assets (INASS) significantly impact small and medium scale enterprise growth in Nigeria. The Unit root test and the ordinary least square (OLS) econometric technique were used in the analysis and the results specifically indicate that insurance premium (INPR) has a strong positive impact on SME growth; insurance investment rate (INVR) has significant negative impact on SMEs growth; while insurance penetration (INPEN) and insurance assets (INASS) do not have any significant impact on small and medium scale enterprise growth in Nigeria. The study conclude that insurance premium and insurance investment rate are the main factors affecting SMEs growth in Nigeria within the period of investigation. The study therefore recommends among others that, governments should develop and implement coherent insurance friendly policies that will enable SMEs to compete and survive on a commercial footing. It should avoid pursuing policies and enacting laws and regulations that would create disincentives to SMEs growth. Also, management should re-strategize on how to expand current insurance firms’ coverage areas in the country by developing more clients-orientedproducts that would attract more Nigerian who hitherto never purchase insurance policy. This will go a long way to ensure that insurance penetration significantly affect SMEs growth in Nigeria.