Written by Sarah NEGEDU

NBS conducts survey to assess MSMEs’ impact on economy

The National Bureau of Statistics in collaboration with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, is conducting a national survey to boost economic planning and development.

According to the NBS, the survey will assess the performance of Micro, Small and Medium Enterprises for the 2017 fiscal period, with the aim of generating evidence and policy-relevant information on the nature and operations of MSMEs in the country.

While appealing to selected respondents to provide the right information, the Statistician-General of the Federation, Dr. Yemi Kale said information collected during this exercise would among other things, be useful in assessing the impact of government policies and programmes as it relates to MSMEs to determine their success or otherwise.

Kale made the appeal in a statement signed by Sunday Ichedi, the head of Corporate and Public Affairs of NBS.

He said, “In view of the importance of this survey to national development, NBS is appealing to all selected respondents to accurately supply the information sought after during this exercise.

“We assure all our respondents that all data collected will be treated with utmost confidentiality.

“It will be used solely for the purpose for which the survey is intended in accordance to the law as stipulated in the Statistical Act 2007.”

The NBS added that, “It will also help in designing further solutions and strategies to tackle challenges identified by operators within the sector and ascertain the level of employment and the sector’s contribution to the national Gross Domestic Product.

“The NBS and SMEDAN data collectors will be in the field from the 19th of July to the 2nd of August, 2018 to administer questionnaires to selected households and enterprises across the country in all the 36 states of the federation, including the Federal Capital Territory.”

Earlier, the Director-General of SMEDAN, Dr Dikko Radda, had at a workshop on MSMEs, said the survey is conducted every three years. He said the last survey was however conducted in 2013.

He said the findings which were released in 2014, revealed among other things that MSMEs contributed 48.47 percent or N38.78trillion to Nigeria’s GDP and 7.07 percent to exports earnings.

The MSME survey is the third round in its series.

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