What Qualifies as an MSME in Nigeria: Understanding the Definition and Why It Matters
In Nigeria, the term MSME is used a lot in policy discussions, development programs, and business forums. But many people still do not fully understand what it means, who qualifies, and why it matters. MSME stands for Micro, Small, and Medium Enterprises. These businesses make up the backbone of the Nigerian economy, accounting for a large share of employment, production, and innovation.