PwC MSME Survey 2020

Insights on the MSME sector in Nigeria (3 of 3) In Nigeria, over 41.5 million MSME businesses operate in the country, according to a survey conducted by the National Bureau of Statistics and the SME Development Agency of Nigeria (SMEDAN) in 2018. The breakdown of the size of businesses in the sector, as well as other important stats are highlighted in the chart below: 41,543,028 MSMEs 41,469,947 Micro-businesses 32.1% Financing gap for MSME 7 59,647,954 Employed (76.5% of work force) 5 Source: NBS, SMEDAN, IFC, World Bank PwC MSME Survey 2020 PwC 1 MSME 2 4 73,081 SMEs 3 7.64% Exports (MSMEs) 49.78% GDP contribution (MSMEs) June 2020 9

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