Author(s): Omonigho Tonia OKHANKHUELE, Helen Olubunmi ADEREMI
This study examined the extent of accessibility of Bank of Industry (BOI) credit facilities by MSMEs and assessed the effect of BOI credit facilities on the performance of MSMEs in Ondo State. The study’s population was 1,060,388 (MSMEs in Ondo State), sample size was 209 owners and managers of MSMEs that obtained credit facilities from BOI’s office, Ondo state, from 2017 to 2019. Data were collected through structured questionnaire and personal guided interviews, and analyzed with descriptive and inferential statistics. The Result disclosed that there was no significant effect between BOI’s credit facilities and MSMEs’ performance in the study area, with significant level > 0.05. The study concludes that BOI’s credit facilities have no significant effect on MSME’ performance in Ondo State. The study recommends adequate and timely accessibility of all types of BOI’s credit facilities by MSMEs to enable business’ smoothly running, increased performance, survival and economic development