Nigerian Journal of Banking and Financial Issues (NJBFI)

Effects Of Risk Control Techniques On Smes' Performance In Ekiti State, Nigeria

Abstract

Financial risk control is a critical element of a resilient future. Risk management Mechanism is an essential metrics employ to safeguard lives and property. Therefore, this study targeted at evaluating the effects of financial risk control techniques on business performance, with specific allusion to the selected small and medium sizes enterprises in Ekiti State, Nigeria. The study adopted a cross- sectional survey research design using simple regression as the statistical technique employed. The study confirms the position of financial risk control techniques in business performance of selected SMEs operators in Ekiti, Nigeria and suggested that insurers in Nigeria have to make the insurance services attractive and affordable to SMEs’ operators/ owners in order to improve on their behavioral risk approaches.