This study examined the impact of microcredit on entrepreneurship
development in Nigeria, using selected SMEs in Bauchi Metropolis as a
case study. A descriptive research design was adopted, with a population
of 373 staff from ten entrepreneurial firms. Using stratified sampling, 193
respondents were selected, and 192 valid responses were analyzed. Data were
analyzed using Pearson correlation for hypothesis one and ANOVA for
hypotheses 2 and 3, respectively. The findings revealed that microcredit has a
significant positive impact on entrepreneurship development. However, several
challenges hinder effective financing of SMEs, including limited access and high
costs. The study concludes that while microcredit is a vital tool for promoting
entrepreneurship, its full potential remains underutilized. It recommends that
financial institutions and policymakers expand access to affordable microcredit,
particularly for start-ups and small-scale enterprises, to enhance business
performance and support economic growth in Nigeria.