PwC MSME Survey 2020 slide image

PwC MSME Survey 2020

Women participate in the economy primarily through entrepreneurial businesses. S SME Ownership (Sole Proprietorship) by Gender 2017 and 2013 by Sex and Economic Sector 37,424 40,998 Male Source: SMEDAN-NBS MSME report PwC MSME Survey 2020 PwC 2017 ■2013 10,562 Female 12,076 Nigeria's population estimates is almost evenly split between the male and female members of society. Yet, Nigeria ranked 128th out of 153 countries and 27th out of 53 countries in Africa, on the World Bank's Global Gender Gap Index 2020 - which implies that the country still has a way to go to attaining gender equality and equal representation for women. The chart here shows the representation of male and female ownership of SMEs in Nigeria in 2013 and 2017. From the chart, we can see that the male SME owners outnumber their female counterparts at a ratio of 3:1. Also, the female-owned SMEs declined by 13% between 2013 and 2017 (the male-owned SMEs dropped too by 9%). The drop in SMEs could be attributed to the economic challenges brought on by the recession and the consequent slow economic recovery. June 2020 54
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