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ABSTRACT
The study empirically examined the impact of innovation on small and medium scale enterprises growth and development in Nigeria. Small and medium enterprises (SMEs) play an essential role in economic growth and sustainable development worldwide. SMEs have significantly contributed to gross domestic product, employment creation, income generation and poverty alleviation in developing and developed nations. The Survey research design was employed through well-structured questionnaire of two sections which were administered to small and medium scales enterprises owners in Egor Local Government area of Edo State. Two hundred (200) questionnaire were administered to the respondents out of which one hundred and eighty (180) copies were retrieved and used for the analyzed with simple percentage and statistical tool of Chi-square. The study found out There is significant relationship between marketing innovation and small and medium scale enterprises growth and development in Nigeria. It was also discovered that there is significant relationship between technological innovation and small and medium scale enterprises growth and development in Nigeria. Finally, there are challenges of innovation and small and medium scale enterprises growth and development in Nigeria. Thus, the study recommends that policy makers must have a deep understanding of innovations and innovation systems and how they evolve. While Nigerian narrowly focused on R&D-led innovation, Nigeria as Research and Development hubs is a good example of how their government officials understand the global R&D processes of transnational corporations.
