INFLUENCE OF ELECTRONIC BANKING ON FINANCIAL MANAGEMENT PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN BAUCHI STATE, NIGERIA

This study examined the Influence of Electronic Banking on Financial Management Practices of Small and Medium scale Enterprises in Bauchi Metropolis, Bauchi state. Three objectives, three research questions and three hypotheses guided the study. Population of the study was 210 registered SMEs in Bauchi Metropolis and structured questionnaire was used. Instrument was Pilot tested. A reliability coefficient of 0.86 was obtained. The SPSS package was used to analyze mean score and linear regression for answering research questions and test of null hypotheses respectively. The hypotheses were tested at the significance level of 0.05. The study revealed that electronic banking does not influence financial management practices of SMEs and it recommends that awareness programs to educate SMEs on e-banking by retail unit of Banks and FGN agency should be introduced also to create enabling environment for their finances.