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SMEs Power Nigeria with 59 million jobs

Nigeria Needs To Support The SMEs – Tekedia Forum – Tekedia

Nigeria's employment paralysis can only be fixed by developing the  private sector and not ramping up bureaucracy: "The federal government has disclosed that Small and Medium Enterprises employed 59 million Nigerians and over 41 million businesses as of this year. This was disclosed by the Director-General, Small and Medium Enterprises Development Agency (SMEDAN), Dr Dikko Umaru-Radda, on Tuesday at the 2021 Micro, Small and Medium Enterprises (MSMEs) Opportunity Fair in Kano".

We need these companies to boost our foreign reserves through exports. According to Nairametrics, Nigeria’s foreign reserve was $33.4 billion at the end of July 2021, appreciating by $79.1 million compared to $33.32 billion recorded at the end of June 2021.