.webp)
Mr Tinubu, majority of 40m MSMEs are on life support
In 2022, MSMEs contributed 48 percent to Nigeria’s gross domestic product (GDP), accounted for 96 percent of businesses and 84 percent of employment.
Tag
Climate Change and the Nigerian Economy
Nigeria found it difficult to squeeze out N2.45 Trillion which represents 23.7% of its 2020 budget owing to the Nigeria’s debt profile of over N24 Trillion. Its crude oil reserves of 36 billion barrels (36,972 x 1,000,000) is ranked second largest in Africa, the eighth largest among OPEC nation and the 10th largest in the world.