Small and Medium Enterprises (SMEs) are often referred to as the backbone of any economy, and in Nigeria, they play an even more crucial role. With over 40 million SMEs contributing nearly 50% to the country’s GDP and accounting for about 80% of employment, their importance cannot be overstated. However,[Read More…]
Tag: Navigating Tough Waters: The State of SMEs in Nigeria Amid Economic Challenges
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]