JES 58
JES 58

6 Thematic Areas

SMEs

Globally, SMEs play significant roles as engines of socio-economic transformation and inclusive growth. In developing countries, SMEs can play a more vital role in wealth and job creation. In Nigeria today, we have ~41.5 million MSMEs (SMEDAN), contributing:
  • 50% to national GDP
  • Account for 96% of businesses
  • 76.5% of employment
  • 8% to exports

What does BOI Intend to Achieve?

  • Promote industrialization of SMEs, especially those involved in manufacturing and other industrial activities.
  • Increase in value of SME Market Share
  • Increase in Local Raw Materials/Content Development in Nigeria
  • Increase in Value, Quality and Quantity of SME Export

SME Impact Indicators

Formal Registration

Evaluate increase in number of SME Businesses In Nigeria

Supply & Linkages

Analyze the extent to which SMEs participate in supply chains for large industries' exports, both as direct suppliers and through intermediate links

Business Scale

Evaluate the increase in the number of SMEs transitioning to Medium & Large businesses

Jobs

Track the number of quality jobs created by SMEs.

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