The Economist Report shows the Role of an empowered Small and Medium-sized Enterprises (SMEs)in enabling a more Productive Nigeria


In this latest Report and insight from The Economist titled:Enabling a more Productive Nigeria:Powering SMEs.I find this a great insight and a road map of a great future for Nigeria as an Emerging economy in the world.The report points out clearly that  Nigeria’s future can be redefined by tackling the challenges and embracing several opportunities.

The Summary of the report states:Nigeria is now Africa’s leading economy, overtaking South Africa last year to become the continent’s largest nation in terms of GDP. Its commercial capital, the mega-city of Lagos, has surpassed the Egyptian capital, Cairo, to become Africa’s biggest city in terms of population. Combined with favourable demographics and a rising middle class, the country is now an investment hotspot for some of the world’s largest brands, from General Electric to Unilever, and its creative industries—most notably the film industry, Nollywood—are the continent’s most significant success story since the mobile money revolution.

Yet to take its rightful place among the world’s top emerging markets, the country must overcome a series of obstacles. Most pressing are economic diversification, job creation and a more effective conversion of growth into what matters most: rising incomes for the country’s 173m citizens. One change-maker for all three goals will be the country’s vast network of micro, small and medium-sized enterprises (SMEs). Famed for their entrepreneurism, Nigeria’s SMEs span everything from hairdressers to app developers, from welders to film production houses.

This study, combining qualitative interviews with SMEs, insights from opinion leaders, and country fieldwork, identifies the primary enablers and constraints shaping productivity—spanning policy, infrastructure, technology, energy and finance—and provides ideas to support SME productivity, enabling Nigeria to reach its development goals.


See the full report




Kenneth Omeruo
Omeruo Ndukaku Kenneth is an Innovation Management expert,the CEO of Emerging Media,a new media company.He is a member of ISPIM - International Society for Professional Innovation Management and the US-Africa chamber of Commerce.He is the Founder of TechTrends Nigeria Blog,Nigeria Innovation Summit and the African Innovation Academy.Kenneth is a highly sought-after Internet Marketing Consultant who has through his seminars, articles, training and consulting, helped many organizations, Individuals, Businesses maximize the Internet for business purposes.Kenneth has also being featured as a guest on the TV show TODAY ON STV Nigeria and on Bloomberg Africa TV.He is the author of the best –selling Internet Book: How To Create Unlimited Internet Wealth. He is a syndicated columnist with the following Newspapers in Nigeria: Daily Independent, Financial Standard, PUNCH, BusinessDay, and Sun.Kenneth organises the EduNet Conference for Universities in Nigeria. Kenneth is a member of Institute of Software Practitioners of Nigeria( ISPON ) Roundtable For Capacity Development in Nigeria,member pre-selection committee for Nigeria at the UN World Summit Awards,a Panelist for Youth Enterprise With Innovation in Nigeria(YouWIN)-a Federal government initiative created by the ministry of finance,supported by ministries of Communications Technology,Youth Development,Worldbank and DFID. A 2013 Judge at the Google Cloud Developers Challenge for Sub Saharan Africa.He has been a contributing editor of Nigeria Communications Week,Africa Telecom and IT Business Magazine,ICT Today magazine,M2 magazine.Kenneth has been invited to the Commonwealth Telecommunications Organisation Forum, Oracle Open World Conference USA, Oracle Cloud World Dubai, and GITEX Dubai. He now lives in New York with his family and presently working on an Open Innovation project for Nigeria. You can contact Kenneth through email: (kenneth (at) On Skpe:Kenneth.Omeruo leads in Online Classified Ads in Nigeria

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