United Nations (UN) agencies in Nigeria have called for greater investment in Micro, Small and Medium Enterprises (MSMEs), describing them as critical to driving economic growth, job creation, and innovation across the country.
The call was made during the 2025 MSMEs Day commemoration held on Monday in Abuja. The event was jointly organised by the United Nations Industrial Development Organisation (UNIDO), International Labour Organisation (ILO), United Nations Development Programme (UNDP), United Nations Information Centre (UNIC), and World Intellectual Property Organisation (WIPO).
Speaking at the event, Director of UNIDO Sub-regional Office, Abuja, Mr. Philbert Johnson—represented by UNIDO’s National Programme Officer, Mr. Reuben Bamidele—emphasised that Nigeria’s estimated 40 million MSMEs contribute significantly to Gross Domestic Product (GDP) and employment. He stressed the need for focused investment to ensure their sustainable growth.
“We are here to promote innovation and address the challenges facing MSMEs in Nigeria,” Johnson said. “They provide livelihoods and serve as a major driver of economic development across all sectors.”
ILO Country Representative, Dr. Vanessa Phala, represented by Stephen Agugua, also underscored the importance of MSMEs in job creation and inclusive economic development. “The ILO seeks to understand the challenges MSMEs face and work toward sustainable solutions,” she said.
UNDP Deputy Director, Ms. Varsha Redkar-Palepu—represented by Claire Henshaw—described MSMEs as “vital engines for job creation, innovation, and social mobilisation,” especially for women and youth. She called for placing MSMEs at the center of Nigeria’s development strategies.
Dr. Chinedu Nnabuihe, Managing Director of Prohealth and representative of the Nigeria Employers’ Consultative Association (NECA), commended the UN for spotlighting the sector. “Despite infrastructure and financing challenges, MSMEs remain resilient and vital to Nigeria’s economic progress,” he said.
The event brought together key stakeholders, including the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Nigerian Association of Small Scale Industrialists (NASSI), Nigeria Association of Small and Medium Enterprises (NASME), and the Corporate Affairs Commission (CAC). Others included the National Insurance Commission (NAICOM), Nigeria Social Insurance Trust Fund (NSITF), and the Abuja Chamber of Commerce and Industry (ACCI).
Highlights of the event included an exhibition by MSMEs, stakeholder engagement sessions, and discussions on intellectual property for small businesses.
