MSMEs Analysis Report

STARTUP CAPITAL Mcro Enterprises 20.6% 3.1% 7.9% 4.7% 63.8% ■ Below 50k ■ 50-100k ■ 101-200k ■ 201-300k Over 300k ■ Below 10 • Majority of Micro businesses started with less than N50,000 in initial startup costs. Only 4.7% start with more than N300,000. Wholesale/Retail Trade, Transport & Storage, and Agriculture are the most capital intensive for micro enterprises • Small & Medium Enterprises 1.1% 7.9% 0.9% 5.2% 2.0% 8.0% 74.9% ■10 to 20 ■ 21-30 ■ 31-40 ■41-50 ■ Above 50 ■ Not Stated Similarly, 75% of SMEs start up with less than N10 million in capital. 6% of MSMEs however start with over N40m in capital. nbs NATIONAL BUREAU OF STATISTICS

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