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The Federal government has revealed that Small and Medium Enterprises (SMEs) contribute over 50 per cent to Nigeria’s Gross Domestic Product (GDP).
Speaking in Gombe, the Minister of State for Industry, Trade and Investment, Ambassador Mariam Katagum disclosed that SMEs also accounted for over eighty per cent of employment in the country.
She maintained that the Micro, Small and Medium Enterprises sector is the engine of economic growth, contributing to the development of the country through job creation and export.
“The MSME sector is the engine of growth of any economy, contributing to its development, job creation and export amongst others.