THE IMPACT OF ECONOMIC POLICY ON THE PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISE (SMES) SMES IN OSUN STATE

The study examined the impact of economic policy on the performance of small and medium scale enterprise (SMEs) in Osun State. The objectives of the study were to determine the extent to which bank loan restructuring, interest rate restructuring and long-term financing options improve the performance of SMEs in Osun State. The study adopted survey design and utilized primary data obtained through questionnaire to collect information from the staff of selected SMEs in Ede, Osun State. The data were then analysed using multiple regression analysis. The findings, revealed that bank loan restructuring influenced the performance of SMEs in Osun state; Interest rate restructuring improved the performance of SMEs in Osun state and that long-term financing options improved the performance of SMEs in Osun State. The study concluded that economic policy ensure effective performance of SMEs in Osun State. The study recommended that government should pay attention in establishing proper financial reform such as capital bank loan restructuring, interest rate restructuring, capital restructuring and management practices for SMEs stability in the economy as their impact influence the performance of SMEs.