100% of Nigerian SMEs agree that digital and online payments are vital to growing their business
Nigerian SMEs rank training and upskilling staff (79%) and digitizing their business (78%) as their top growth priorities
More than two-thirds of SMEs (69%) are seeking credit to grow their business
Nigeria’s small and medium enterprises (SMEs) are looking ahead with confidence and are aligned on what will get them there. More than eight out of ten SMEs (81%) feel confident about the next 12 months, and they unanimously agree that digital and online payments are vital in helping grow their businesses. A Mastercard study shows that Nigerian entrepreneurs are channelling that optimism into action, with 68% of SMEs expecting their revenue to grow.
The Mastercard SME Confidence Index is a multi-market study that captures the sentiment, priorities and growth outlook of SMEs across Eastern Europe, the Middle East and Africa.
