The SME Market in Nigeria

What is a Small to Medium Enterprise in Nigeria?

Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Small and medium-sized enterprises in Africa are generally businesses with no more than 250 employees, though some countries have lower limits.

  🇳🇬 NGN [522.505 GBP]    Africa/Lagos
The  SME Market in Nigeria
Image: Ekhator Efosa

How big is the SME Market in Nigeria?

Small and medium-size enterprises play a hugely important role in the economy of Nigeria. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.

Nigeria has a population of over 206,139,589 people.

What help is available for SMEs in Nigeria?

Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.