Investor Presentaiton

FSS 2020 INANCIA SYSTEM RATEGY FSS 2020 SMEs in Nigeria SMEs are broadly defined(¹) as businesses with turnover of less than N100 MM per annum and/ or less than 300 employees Studies by the IFC show that approx. 96% of Nigerian businesses are SMEs compared to 53% in the US and 65% in Europe SMEs represent about 90% of the manufacturing/ industrial sector in terms of number of enterprises, They contribute approx. 1% of GDP compared to 40% in Asian countries and 50% in the US or Europe In Nigeria, SMEs are distributed by clusters within regions 1 Definition sums up several Nigerian institution definitions of SMEs, i.e. Central Bank, Fed. Ministry of Industry, NASME 3 Banji Oyelaran-Oyeyinka

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