Abstract
This investigation reviews the family business challenges in Nigeria of credit availability and
identifies potential solutions to improve financing of family business ventures. Family firms are
also a major component of the private sector in Nigeria and play a key role in the Gross
Domestic Product of Nigeria. Nevertheless, these activities are challenged by various difficulties
in obtaining and enjoying formal credit, restricting their economic potential and economic
output. By way of a systematic review of the literature and the current market environment, this
research conceptualizes the major roadblocks to credit access and recommends actionable
remedies to the problems. Results indicate that only a cocktail of policy interventions, financial
innovation and capacity building is likely to substantially enhance the provision of access to
credit for family enterprises in Nigeria