Formal SMEs number 40 million in Nigeria, contribute 84% of total employment, 45% of GDP but just 8% of exports and tax collections by the Federal Inland Revenue Service (FIRS) according to a recent joint report by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the National Bureau of Statistics (NBS).
Trending
- Labour Party National Transition Committee hails Edo on Abure’s suspension from party
- Oworonshoki-Apapa Expressway: Tinubu commends Dangote, describes project 10th wonder of the world
- Oborevwori clears Okowa of interference allegations
- Police nab suspected kidnappers, rescue victims in Uyo
- Collapsed Lagos mosque: One confirmed dead, five rescued
- How former EFCC Chairman Ibrahim Lamorde died
- Edo begins payment of N70,000 minimum wage
- Access Bank ranked as Nigeria’s ‘Most Valuable Brand’
