FG hopeful MSMEs’ contribution to GDP will hit 70 per cent by 2025 | The Guardian Nigeria News - Nigeria and World News

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The Federal Government has said its goal is to ensure the Micro, Small and Medium Enterprises (MSMEs) sector accounts for 70 per cent of the Gross Domestic Product (GDP) by 2025.

The Director-General, Small and Medium Enterprise Development Agency of Nigeria , Dikko Radda, disclosed this yesterday, at a stakeholders’ operationalisation of Public-Private Dialogue on the implementation of the new National Policy on MSMEs in Abuja.

“The top five sectors according to the same document are Wholesale/Retail 42.3 per cent, Agriculture 20.9 per cent, Other Services 13.9 per cent, Manufacturing 9.0 per cent and Accommodation/Food services 5.7 per cent”, he stated. He applauded the ICR facility for putting in place a proper coordination mechanism that would see every stakeholder as champions of MSME development.

 

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