Most small and medium-sized enterprises (SMEs) in Nigeria had a sole proprietorship as of 2017. This business ownership type accounted for 65 percent of the SMEs in the country that year. Moreover, 21 percent and five percent of them were private limited liability companies and faith-based organizations, respectively. The source defines small enterprises as those employing between 10 and 49 people, and medium enterprises as those with an employment size from 50 to 199 employees.
Share of small and medium-sized enterprises (SMEs) in Nigeria in 2017, by ownership
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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NBS (Nigeria). (July 11, 2019). Share of small and medium-sized enterprises (SMEs) in Nigeria in 2017, by ownership [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1300484/share-of-small-and-medium-sized-enterprises-by-ownership-in-nigeria/
NBS (Nigeria). "Share of small and medium-sized enterprises (SMEs) in Nigeria in 2017, by ownership." Chart. July 11, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1300484/share-of-small-and-medium-sized-enterprises-by-ownership-in-nigeria/
NBS (Nigeria). (2019). Share of small and medium-sized enterprises (SMEs) in Nigeria in 2017, by ownership. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1300484/share-of-small-and-medium-sized-enterprises-by-ownership-in-nigeria/
NBS (Nigeria). "Share of Small and Medium-sized Enterprises (Smes) in Nigeria in 2017, by Ownership." Statista, Statista Inc., 11 Jul 2019, https://www.statista.com/statistics/1300484/share-of-small-and-medium-sized-enterprises-by-ownership-in-nigeria/
NBS (Nigeria), Share of small and medium-sized enterprises (SMEs) in Nigeria in 2017, by ownership Statista, https://www.statista.com/statistics/1300484/share-of-small-and-medium-sized-enterprises-by-ownership-in-nigeria/ (last visited November 21, 2024)
Share of small and medium-sized enterprises (SMEs) in Nigeria in 2017, by ownership [Graph], NBS (Nigeria), July 11, 2019. [Online]. Available: https://www.statista.com/statistics/1300484/share-of-small-and-medium-sized-enterprises-by-ownership-in-nigeria/
