Number of micro, small, and medium-sized enterprises (MSMEs) in Nigeria 2017

Published by
Doris Dokua Sasu,
Apr 8, 2022
There were over 41 million micro-enterprises in Nigeria in 2017, which represented over 99 percent of the micro. small, and medium-sized enterprises (MSMEs) in the country. Small and medium-sized enterprises, on the other hand, reached approximately 71,300 and 1,800, respectively. According to the source, most of these companies were located in Lagos.

Number of micro, small, and medium-sized enterprises (MSMEs) in Nigeria in 2017

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Sources

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Release date

July 2019

Region

Nigeria

Survey time period

2017

Number of respondents

41,543,028 MSMEs

Supplementary notes

The source adds the following information:
- The survey was conducted in all 36 states of the federation, including the Federal Capital Territory (FCT), Abuja. Both urban and rural enumeration areas (EAs) were covered.
- Micro Enterprises sample: 22,200 households, 600 households with enterprises interviewed per state, 15 households selected EA.
- Small & Medium Enterprises sample: 4,000 SMEs visited across all states, including FCT.

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