Financial Structure Mix: Effect on Growth and Earning of Small and Medium Enterprises in Nigeria
James Sunday Kehinde, Sikiru O. Ashamu

Abstract
The study examined the relationship between growth and earning and financial structure mix of the SMEs vis-àvis various government funding schemes. The problem of high entry-exit rate of SMEs in Nigeria remains an issue in point. The study is a descriptive study which made use of structured questionnaire for data collection and percentages and chi-square for analysis purposes. The study revealed that granting pioneering status for tax purpose will go a long way to create a strong earning base for the SMEs. It was also revealed that personal saving is mostly used by the SMEs owner to start the business but it is not better than debt financing (government financing, leasing etc) at growth stage of the SMEs’ life. It was recommended that government policy formulation and implementation in regard to SMEs should have grassroots content. It was also recommended that professionalism should be adopted in financial structure mix and management of the SMEs for increasing earning and growth.

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