NBS, SMEDAN begin impact re-assessment of government policies on MSMEs

The National Bureau of Statistics (NBS) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) will today begin another round of survey on the Micro, Small and Medium Enterprises (MSMEs) to re-assess the impact of government policies and programmes since the last one was conducted in 2011.

The survey is also to furnish the government and other stakeholders with useful information with which to make appropriate policies toward promoting and developing MSMEs going forward.

The survey will cover the 36 states of the federation and the Federal Capital Territory, Abuja, the NBS said.

MSMEs are key to the development of any country, particularly as they promote inclusive growth in any economy by providing employment to a large number of people.

Despite an understanding of the importance of MSME in Nigeria in particular, there is a dearth of information about their number, people they employ and sectors they operate in Nigeria.

The NBS collaborated with SMEDAN to conduct a survey on the sub-sector aimed at providing adequate and reliable baseline data for the development of the sector, based on activities that occurred in 2010.