MSMEs account for 96% of businesses, contribute 48% to Nigeria’s GDP – Minister

🇳🇬 Nairametrics Nigeria (NG) —

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Nigeria’s minister of state for industry says micro, small and medium enterprises account for 96% of businesses, 48% of GDP, and 87% of employment. The figures highlight MSMEs’ importance to the country’s economy and jobs.

Micro, Small and Medium Enterprises (MSMEs) account for 96% of businesses in Nigeria, contribute 48% to the country’s Gross Domestic Product (GDP) and provide 87% of employment, according to the Minister of State for Industry, Sen. John Owan-Enoh. The post MSMEs account for 96% of businesses, contribute 48% to Nigeria’s GDP – Minister appeared first on Nairametrics.

World Politics Markets Nigeria MSMEs small business GDP employment industry

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