PwC MSME Survey 2020
Headline survey findings in Nigeria (1 of 2)
57%
22%
22%
48%
46%
Cited multiple taxes &
levies, lack of
coordination of federal &
state agencies and the
absence of technology
platform(s) as
challenges in paying
their taxes.
Say obtaining finance
was their most
pressing problem.
Finding customers
(16%), infrastructure
deficit (15%) and
insufficient cash-flows
(14%) followed closely
Say the pressure to
reduce prices is the
topmost economic issue.
Rising inflation (19%),
low demand for products
and services (16%) High
interest rate (14%) High
exchange rate (14%) All
of the above (10%)
Say family &
friends are the
most popular
financing sources
(vs 15% who
obtained credit
facilities)
Say they would
prefer private
equity over debt
financing (33%) to
fund business
growth
PwC MSME Survey 2020
PwC
I
June 2020
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