Data Gap Threatens MSME Sector Financing Needs

…Stakeholders urge government to build reliable database as financing constraints deepen
The lack of accurate, comprehensive, and up-to-date data on Micro, Small, and Medium Enterprises (MSMEs) in Nigeria has become a major obstacle to effective policymaking and access to finance, with stakeholders warning that the country may continue to struggle to address the sector’s challenges without a credible database.
The national president of the Association of Small Business Owners of Nigeria (ASBON), Dr Femi Egbesola, raised the concern while calling on the federal government to urgently establish an accurate database that captures the number, location, size, sectors, financing needs, and ...