From Informal to Formal: Why Registering Your MSME is a Game-Changer
Many Micro, Small, and Medium Enterprises (MSMEs) in Nigeria operate informally. This means they run without legal recognition, business registration, or regulatory oversight. While this may seem convenient and cost-saving, it limits growth and exposes the business to risk. Moving from informal to formal operations is a major step that brings access to opportunities, legal protection, and long-term sustainability.