ACHIEVING ORGANIZATIONAL PERFORMANCE THROUGH FINANCE LEASING AMONG SMALL AND MEDIUM ENTERPRISES (SMEs) IN NIGERIA

Abstract
The study was conducted to examine achieving organizational performance through finance leasing among small and medium enterprises (SMEs). The study established that leasing suits the level of development of the Nigerian financial market and should be utilized as debt financing in order to boost the capital of firms for enhanced financial operations. It was concluded that Lease financing permits a company to avoid many of the uncertainties associated with equipment and provides a flexible alternative to cash in the acquisition of business-critical assets and equipment. It was recommended that small and medium enterprises (SMEs) identify the specific assets that are crucial for their business operations. Conduct a thorough assessment of your financial needs, taking into account the type of assets, their lifespan, and the potential impact on revenue generation. Management should also ensure a clear understanding of what finance leasing entails. Finance leasing involves obtaining assets for a specific period while paying regular lease payments. At the end of the lease term, SMEs may have the option to purchase the asset at a predetermined price.