DAWN SME Development Strategy

Classification of SMEs in Nigeria BOI definition of business enterprises in Nigeria Micro-scale Enterprise Small scale Enterprise Indicator/parameter No. of employees ≤10 >11 ≤ 50 Total assets (N) ≤5 million >5 ≤ 100 million Annual turnover (N) ≤ 20 million ≤ 100 million Medium scale Enterprise > 51 ≤ 200 >100 ≤ 500 million ≤ 500 million SMEDAN definition of business enterprises in Nigeria Indicator/parameter Micro-scale Small scale Enterprise Enterprise No. of employees <10 10 to 49 Total assets (N) <5million >5<50million Medium scale Enterprise 50 to 100 >50< 500million DAWN Development Agenda for Western Nigeria DAWN Commission Ondo Onde

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