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This study tries to look at the accessibility of credit facility from financial institutions by small and Medium Scale Enterprises: Evidence from Nigeria. Small and Medium Scale Enterprises have been faced with poor funding when developing nations like ours are considered. This however distorts the outstanding function of SMEs as the engine and pivot for the economic growth and national development. No wonder Nigeria has continued to experience high level of emergence of new enterprises that would only exist for two to three years and fizzle out. This study has a broad objective of determining the degree of accessibility of credit facility by SMEs from the financial institution in Nigeria with such variables like government policies, collaterals, tax incentives etc. The study adopted the analytical survey method to gather information on the variables.