List of MSMEs in Nigeria

Micro, Small, and Medium-Sized Enterprises are all referred to by the acronym MSME. They are many different definitions of MSME, but in the Nigerian context, there are businesses with a workforce of 1 to 200, total assets between NGN 5,000,000 and NGN 500,000,000, and annual revenue between NGN 20,000,000 and NGN 500,000,000. Micro, small, and medium-sized enterprises (MSME) make up more than 90% of all firms in Nigeria and contribute roughly 50% of the country’s GDP. The role that micro, small, and medium-sized businesses play in the socioeconomic expansion of the economy has many advantages.

The MSME Development Fund was established by the CBN on August 15, 2013, with a share capital of N220 billion. The Fund was created in acknowledgment of the MSME sector’s (Micro, Small and Medium Enterprises) considerable economic contributions and the enormous financing shortfall that still exists.

A total of ten (10) percent of the Fund has been set aside for developmental goals like grants, capacity building, and administrative costs, while the remaining ninety (90) percent of the commercial component will be released to participating financial institutions (PFIs) at a rate of 2% for on-lending to MSMEs at an interest rate of no more than 9% per year.

Agricultural value chains, services, cottage industries, craftsmen, trade and commerce, as well as any other income-generating ventures as may be outlined from time to time by the CBN, are all eligible activities that can get funding.

This is a list of some micro, small and medium enterprises that are in Nigeria:

• 12 BASKETS

• 19CT TECHNOLOGY LIMITED

• ADFORUMCO

• ADIREWORLD

• AFFORDABLE CARS LIMITED

• AFRICAN NATURALISTAS

• AFRICAN WRITERS HQ

• AGRICENTRE

• AJIDANS STUDIOS

• AKMA WATER

• AKSUNSGLEAM

• ALABIAN SOLUTION LIMITED

• ALLWEDA CHILD SAFETY

• AMETHYST HOSPITAL

• AMINAT’S SECRET

• ANDROYD AUTOS

• ANIMOPLASTY

• APOTI LAGOS

• ASMAU COUTURE

• AUTOSPARKLE

• AYOTEMI FARMS (AYT FARMS)

• BAZUZE

• BEACON MEDIA AND COMMUNICATION SERVICES

• BENSOT AGENCY

• BETENSURED GROUP

• BIG CHOICES FASHION DESIGNER

• BILLYPEARL BEAUTY CONCEPT

• BLACKBIT LIMITED

• BLACK JADE EVENTS

• BM PILLOW

• BOLD EXPONENT

• BOOMSHA CREATIVE

• BRANDIGIT GLOBAL CONCEPT

• BREEZE JOSEPH COLLECTION

• BUBBLER COCKTAIL

• CANDACE DELIGHT

• CAP FACTORY NIGERIA

• CAREYOUT PACKS

• CARMART NIGERIA

• CATO FOODS

• CAVEMEN AGENCY

• CEDAR VIEW COMMUNICATION LIMITED

• CHADOW IT SERVICES

• CHEERFUL FARMS ENTERPRISE

• CHEGRO INTERNATIONAL LIMITED

• CHEZHEVA

• CIL MICROFINANCE

• CMK CULINARY ART SCHOOL

• CODERSTECH BUSINESS HUB

• CORPORATE BESTIE LIMITED

• CPI KIDDIES WORLD

• COMPKAT TECH HUB

• CONSTANT FITNESS VENTURES

• CRYSTALFIX NIGERIA LIMITED

• CRYSTAL PAINTS

• CYBANEWS

• DEAL CREATIVE

• DEEP GRAFIZ

• DENIKS20 STITCHES

• DHAIR_WAREHOUSE

• DIJAHS APPAREL

• II DESIGN LIMITED

• DO CHASE

• DOCKAYS WORLD

• DONKAS CONSULTING ENTERPRISE

• DOVELZOBO COMPANY LIMITED,

• DREXORBIT MEDIA LIMITED

• DUCHE TECHNOLOGIES NIGERIA LIMITED

• E’ZONAS MULTI-ENTERPRISE LIMITED

• EASYFIX NIGERIA

• EBBY BY DESIGN

• ECHELON GLOBAL NIGERIA

• EDDYFIED REACH VENTURES

• EDENS WELL

• NG

• EHEALTH4EVERYONE

• ELSANS LAGOS

• EMYZION CARGO LOGISTICS

• ENOV8 SOLUTION

• ENVISIONEDLEARN

• NG

• EQUILIBRIUM MEDIA SOLUTIONS

• ESI AYO ENTERTAINMENT

• EUNOIA GLOBAL CONCEPTS LIMITED

• EVENTS BY CLCHINNY

• EVENTRIGA NG

• FARM REPUBLIC

• FARMERS’ CORNER

• FARMKONNECT NIGERIA

• FAVIB CRAFTS

• FAULTLESS FINISH

• FEHIN MALL

• FHATO SHEA FARM

• FIPS MULTILINKS LIMITED

• FIRSTCAM CREATIVE STUDIOS

• FIVEFINGERS LAUNDRY AND CLEANING SERVICES

• FLASHACADEMY

• FLEXTECH GLOBAL

• FOOTPRINTS OF DAVID ARTS ACADEMY

• FRANCKMERCK LIMITED

• FUDZANDGRILLZ

• GALAXY WINE

• GARDEN CITY PREMIER SCHOOL BUSINESS

• GLASS SKIN EFFECT VENTURES

• GLOBAL CRAFT LIMITED

• GMYT FASHION ACADEMY

• GODFIRST ENTERTAINMENT

• GOVA DESIGN

• GOVA EVENTS

• GREEN GOURMET LAGOS

• GREVO CLOTHIERS

• GRIDCODES BY AKUTARI

• HALFASH INTEGRATED FARMS LIMITED

• HALTADEL ENGINEERING SERVICES LIMITED

• HAM INSTITUTE OF CYBER SECURITY

• HAUTE BOURGEOISIE BEAUTY AND NAIL HUB

• HERITAGE CAKES

• HERITAGE CHILDREN FASHION SHOW

• HERMON EMPOR LANDSCAPE

• HERMES EXPLORER TRAVEL & TOURS

• HOUSE OF MAGAE

• HOUSE OF SUGAR

• HUBS DOT NG

• IBBA 36 GLOBAL CONCEPT

• IBEJU-LEKKI CONNECT

• IMC HOMES

• ISURA JEWELRY

• IVORPARKS

• JAYTEEZFEET

• JD RECYCLING

• JEDI & CO. SHOES

• JEPHOSEAZ FOODS LIMITED

• JEV AGRIBUSINESS INCUBATION SOLUTION

• JOE DREAM LIMITED

• JOFLEX KOLLECTION

• JOHN ALADE PHOTOGRAPHY

• JORDAN HILL CREATIVE WRITING & READING WORKSHOP

• JORIS BEAUTY SALON

• JUSTCORN PARTNERS LTD.

• COM.NG

• KAROTIZ EVENT AND MORE

• KEKENET

• KINDYTEE GLOBAL

• KINGBAKESHOP

• KINKCHIC NATURAL HAIR CARE

• KOLHAB TECHNOLOGIES

• KORESTEEGOLD FOOD GROCERY

• LA TOURIST GLOBAL AFRICANA

• LANDMARK RECYCLING

• LARAVILLE CLOTHING

• LARRY KAY EVENTS

• LEARNALLPRO

• LIGHTHOUSE MEDIA

• LOMZYGLAMOUR

• LORLA NATURALS

• LSA COMPANY

• LUSTROUS MINDS SCHOOL

• LYXVARA CONCIERGE SERVICES

• M & I CLOTHINGS

• MAGIC ILLUMINAXIONS

• MAGORAX ONLINE RETAIL SHOPPING

• MANDISON OIL LIMITED

• MARBLE STITCHES

• MARUD ENTERPRISE

• MARVEL ESTATES AND FACILITIES LIMITED

• MASWATER SERVICES

• MEDIA TRANSIT BUS ADVERTISING

• MEEDAY CONFECTIONARIES

• METALS BY OLGA

• MIMO’S CAFÉ

• MINENGIBY

• MOVICMEDIA

• MYNAIJASEAFOODS

• MYNDIDIA EVENTS

• NACK

• NAIRAMI NIGERIA LIMITED

• NEXTHOSTINGSPACE

• NIKIWONA VENTURES

• NNEKA

• NULI JUICE COMPANY

• O’RAYBOUR FASHION’FRICK

• OBEYKOP SOLUTION

• OCEANS TRENDS DIGITAL

• OJ TEXTILES & ART GALLERY

• OLARRY BRIDALS

• OLARSGRACE

• OMIBISH SIGNATURES

• ONEWATTSSOLAR

• ORGÁNICA

• OYINX BEAUTY

• PEACOCK TRAVEL & TOUR LIMITED

• PEKKY VIKK FASHION HOUSE

• PETPOSH VETERINARY HOSPITAL

• PHISER ENGINEERING & SOLUTION LIMITED

• PINNACLE HEALTH RADIO

• PINTO FASHION

• POPPY

• POPTV EVENTS AFRICA

• POSHNASSY

• POTTERHOUSE CLEANING SERVICES

• PUBLISHER

• QUANTUM MARKETING SOLUTION

• RAYSIGNATURE ENTERTAINMENT LIMITED

• REFINEMENT MASTERCLASS

• RELATIONSHIP PENDULUM AFRICA

• REHEARSE STUDIO

• REICHMANN PROJECTS LIMITED

• RENTSMALLSMALL

• RHPOULTRY

• ROYAL_CHYNESS_EMPIRE

• RUBESCO ENERGY LIMITED

• RUBY UNIQUE NATURAL PREMIUM PRODUCTS LIMITED

• SAMAWOMAN

• SAPIENT VENDORS LIMITED

• SAPPHIRE SCENTS

• SEAMS CLASSICS

• SEAMS STYLES

• SEAMLESS GARMENTS

• SEANBEATZ INC.

• SENDING POINT INTERNATIONAL (NIG.) LIMITED

• SMALLSTARTER AFRICA

• SMART CREST SCHOOLS

• SOUP EMBASSY

• SP HOMES AND INTERIORS

• SPARKLE FRUITS AND CREAM

• SPLUFIK APPAREL

• STRONG TOWER ELECTRONICS

• SUPREME LEARNER

• SUSTINEO MAGNUS LIMITED

• SWEET INDULGENCE

• TARA CLOTHING CO.

• TAURUSVIEW INTERNATIONAL CONSULTS LIMITED

• TECH FOUND ME

• TECH QUEST

• TECMIE

• THE LOVESTRUCK COMPANY

• THEONIGARRI

• THE POTTERSLAND SCHOOL

• TIAB ELECTRONICS

• TIMBOLO AUTO CARE

• TIMELESS MEMORIES

• TINKLINGD

• TOA MARKETS

• TORI ARA

• TOSIN ODEDELE IMPACT SOLUTIONS

• TRANQUIL SPA

• TRANTER IT

• TRASHUSERS SERVICES

• TREKCITI

• TRIPLE O ENTERTAINMENT

• TROGGEURBAN LIMITED

• TRUST TUTORS NIGERIA

• TURBANS BY JARE

• UFCOCHL

• UTC TRUST

• UVOCAKES

• VA CLOTHING

• VANTAGE PEAK NIGERIA LIMITED

• VBL

• VEEKAY CONTINENTAL PRODUCT

• VEDIL CLOTHING

• VENUSTAS GLOBAL SOLUTIONS

• VESTAR COFFEE

• VICCI MAHI

• VOCORE

• WEARNEKI

• WELLNESS4AFRICA

• WILSON VALUED PROPERTIES

• XYCINEWS MEDIA

• YIKODEEN FOOTWEAR LIMITED

• YONGISM APPAREL

• YOURS YOGURT

• ZACRAC INTEGRATED LIMITED

• ZAFFIRO INTERNATIONAL FARM

• ZATEEMEE

• ZINOMOORE

Most economies, especially those in emerging nations, depend heavily on Small and Medium-Sized Enterprises (SMEs). SMEs make up the bulk of enterprises globally and are significant drivers of job growth and global economic development. Over 50% of all jobs are held by them, and they account for nearly 90% of all firms. In emerging economies, formal SMEs account for up to 40% of the GDP. Inclusion of informal SMEs raises these figures significantly.
Our projections show that 600 million new employment would be required by 2030 to accommodate the expanding global workforce, making the development of SME an important worldwide policy objective. Small and medium-sized enterprises (SMEs) account for seven out of ten jobs created in emerging markets.

The second most frequently stated barrier to SMEs expanding their operations in emerging markets and developing nations is access to capital, which is a major restraint on their ability to do so.

SMEs rely on internal finances or money from friends and family to start and run their businesses in the beginning because they are less likely than large companies to be able to get bank loans. IFC estimates that 65 million businesses, or 40% of formal micro, small, and medium-sized enterprises (MSMEs) in developing countries, have an annual unmet financing need of $5.2 trillion, which is equal to 1.4 times the amount of global MSME lending at present.

Following Latin America and the Caribbean (23%) and Europe and Central Asia (15%), East Asia and the Pacific (46%) makes up the majority of the global finance imbalance. Region to region, the gap volume varies significantly. With percentages of 87% and 88%, respectively, the financial gap between actual demand and potential demand is greatest in Latin America, the Caribbean, the Middle East, and North Africa. The majority of legally recognised SMEs lack formal credit. When micro and informal businesses are considered, the financial gap is considerably wider.