Enabling a more productive Nigeria: Powering SMEs - Infographic

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1. Corporate Affairs Commission TAX NATIONAL BANK ATM NATIONAL GRID Big Business More than 90 percent of businesses in Nigeria are SMEs.Their productivity will shape the country's long-term growth, economic diversification and prosperity.What obstacles are they facing? COMMUNICATIONS NETWORKS 82% TAXING BUSINESSTAXING BUSINESS hours annually are taken in filing taxes in Lagos compared to the Africa average of 310 956 LIMITED ACCESS TO FINANCE 2% of the adult population received loans from a financial institution in the past year POOR POWER SUPPLY 50% of the countrys total population does not have access to national grid electricity of mobile users access the internet daily, but network quality needs to be improved - especially in rural regions Sources: Economist Intelligence Unit, World Bank, IMF, Ericsson, KPMG Commissioned by: NIGERIAN SMEs FEELING EVERY BUMP