Developing a sustainable source of finance for MSMEs has remained a perennial problem as a result of
their poor accounting systems and lack of, or low-valued collaterals. This study examined the impact of
development bank finance on the growth and development of MSMEs in Nigeria from 2010 – 2017 with
specific objectives of determining whether MSMEs have poor accounting systems, the extent to which
SMEs financing depend on sound accounting practices and whether MSMEs funding depend on collateral
using the survey research design method
