ENTERPRISE RISK MANAGEMENT ANDTHE GROWTH OF SMALL AND MEDIUM SCALE ENTERPRISES IN FCT ABUJA, NIGERIA

Over the years, risk management has become a priority for all sectors of the economy. Through risk management, £organizations can ensure that they will achieve the desired results, reduce the impact of threats to acceptable levels, and increase opportunities to seize opportunities. Based on this, the study examined the effect of enterprise risk management on the growth of SMEs in FCT, Abuja. The study adopted a descriptive research design to determine the relationship between the variables using multiple regression analysis. The study found that risk assessment, risk mitigation and risk implementation have positive effects on the growth ofS MEs in FCT, Abuja. From the findings, the study recommends that SMEs need to educate their employees about the importance of enterprise risk management. To ensure efficient and effective risk management, since the risk management process is performed by the employees in the enterprises. Highly qualified personnel serve as the first line of defence to protect the organization and reduce risk. No matter how many processes and procedures in the SMEs sector have been developed and enhanced, they will not protect the organization unless performed by qualified personnel.