MSMEs operating in Nigeria are not immune to the typical challenges of their peers, especially in other developing climes. Typically, most countries provide assistance to grow MSMEs because of the crucial role they have come to play in economic growth and development and Nigeria is not left out. Such assistance is often in the form of facilities and support services. Other support measures include access to formal credit and alternative financing instruments, business information, training and re-training programmes, research and development (R & D), business infrastructure, fiscal incentives et.c.
In recognition of the crucial roles MSMEs play with respect to economic growth and development, successive governments in Nigeria had availed various initiatives aimed at promoting MSMEs in the country. Continue reading ……SMEDAN-NBS Survey on MSMEs 2017