Egbesola: Nigerian SMEs Can Generate over N800bn Annually by Crusoe Osagie

Newsroom

The President of the Association of Small Businesses in Nigeria (ASBON), Dr. Olufemi Egbesola, has said the Small and Medium Enterprise (SMEs) sector will generate over N800 billion into the Nigerian economy, if properly harnessed. Egbesola who spoke in Lagos, said “If SMEs with the help of ASBON and the government and other relevant agencies is well nurtured, the sector will generate over N800 billion annually, with tax and levies of upward N60 billion to the government as well as contribute between 21-25 per cent to the Gross Domestic Product (GDP) and generate enormous employment opportunities and provide stable source of revenue to the government for financing of socioeconomic programmes.” Read more

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