5 articles tagged
Finance Minister Wale Edun has indicated that Nigeria's current annual GDP growth of approximately 4% is not substantial enough to alleviate poverty for millions of citizens. He emphasized the government's commitment to implementing reforms focused on boosting productivity, supporting small and medium-sized enterprises (SMEs), and enhancing export-oriented sectors.
Mastercard has significantly expanded its digital payment acceptance across Africa, particularly in Nigeria's SME and informal sectors. This shift is driven by strategic low-cost solutions and partnerships, enabling greater adoption of digital transactions.
Many small and medium enterprises in Ketu-Epe, Lagos, are struggling to survive due to ongoing electricity outages caused by cable theft. Business owners are forced to seek costly alternatives to maintain their operations.
Traders in Yobe State have urged the government to enhance the local economy by offering financial support and incentives to small and medium enterprises. This appeal was made during the inauguration of the United Marketers Association in Potiskum.
Small and medium-sized enterprises can greatly benefit from Nigeria's recent tax reform that exempts businesses with annual revenue of ₦100 million or less, provided they keep accurate financial records, according to specialists.
