Nigeria’s small, medium-sized businesses struggling

Global Business

Nigeria’s Small and medium-sized enterprises are nearly the only job generators in the country, but with struggling economy and falling currency this promising sector is feeling the squeeze. CCTV’s Deji Badmus filed this report.

Nigeria’s small, medium-sized businesses struggling

Nigeria’s small, medium-sized businesses struggling

Nigeria's Small and medium-sized enterprises are nearly the only job generators in the country, but with struggling economy and falling currency this promising sector is feeling the squeeze. CCTV's Deji Badmus filed this report.

Highlights:

  • It is estimated that there are over 17 million SMEs in Nigeria employing around 37 million people.
  • Small and medium enterprises have featured big on campaign speeches by politicians, most of the candidates promising to pump in funds into the sector and address some of their challenges.
  • On March 28, millions of small and medium entrepreneurs will be heading to the polls to cast their votes for the candidate of their choice hoping that whoever emerges winner from the ballot would keep their words.

  • Nigerian youth defy employment norms

    Nigeria’s unemployment rate is at an all time high with over 40 million people unable to find a job. Despite the grim outlook, one Nigerian is going against the grain.
    CCTV’s Sophia Adengo filed this report.

    Nigerian youth defy employment norms

    Nigerian youth defy employment norms

    Nigeria's unemployment rate is at an all time high with over 40 million people unable to find a job. Despite the grim outlook, one Nigerian is going against the grain. CCTV's Sophia Adengo filed this report.