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Corporate Affairs Commission TAX NATIONAL BANK ATM NATIONAL GRID Big Business More than 90 percent of businesses in Nigeria are SMEs. Their productivity will shape the country's long-term growth, economic diversification and prosperity. What obstacles are they facing? COMMUNICATIONS NETWORKS 82% TAXING BUSINESS TAXING BUSINESS hours annually are taken in filing taxes in Lagos compared to the Africa average of 310 956 LIMITED ACCESS TO FINANCE 2% of the adult population received loans from a financial institution in the past year POOR POWER SUPPLY 50% of the country’s total population does not have access to national grid electricity of mobile users access the internet daily, but network quality needs to be improved - especially in rural regions Sources: Economist Intelligence Unit, World Bank, IMF, Ericsson, KPMG Commissioned by: NIGERIAN SMEs FEELING EVERY BUMP

Enabling a more productive Nigeria: Powering SMEs: Infographic

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Page 1: Enabling a more productive Nigeria: Powering SMEs: Infographic

CorporateA�airs

Commission

TAX NATIONAL BANK

ATM

NATIONALGRID

BigBusiness

More than 90 percent of businesses in Nigeria are SMEs. Their productivity will shape the country'slong-term growth, economic diversi�cation and prosperity. What obstacles are they facing?

COMMUNICATIONS NETWORKS

82%

TAXING BUSINESSTAXING BUSINESS

hours annually are taken in �ling taxes in Lagos

compared to the Africa average of 310956

LIMITED ACCESSTO FINANCE

2% of the adult populationreceived loans from a

�nancial institution in the past year

POOR POWERSUPPLY

50% of the country’s totalpopulation does not

have access to national grid electricity

of mobile users access the internet daily, but

network quality needs to be improved - especially in rural regions

Sources: Economist Intelligence Unit, World Bank, IMF, Ericsson, KPMG

Commissioned by:

NIGERIAN SMEsFEELING EVERY BUMP