The SME Market in Nigeria

What is a Small to Medium Enterprise in Nigeria?

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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.

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

  NGN [502.619 GBP]    Africa/Lagos

The  SME Market in Nigeria

How big is the SME Market in Nigeria?

The SME market in Africa has huge potential for growth. Africa has a population of over 1,353,672,364 people. Africa has recently had a GDP of over $7.16 trillion.

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.

Africa

For more details contact: Taofeek Ajao

Taofeek Ajao

Better businesses mean better, more successful communities