SME Drive – Eunoia Law

SME Drive

Small and medium-sized enterprises (SMEs) play a vital role in the Nigerian economy, contributing nearly 50% of the national GDP and employing 76.5% of the national workforce. (Joint survey of the Small Medium Enterprise Development Agency of Nigeria and the National Bureau of Statistics, 2017).

However, many SMEs are unable to scale because they lack a proper legal/formal setup. This informal setup can make it difficult for SMEs to attract investors and sponsors, which can hinder their growth.

Eunoia Law launched the Eunoia SME Drive to help SMEs register their businesses for free. This pilot project is designed to provide SMEs with the foundation for formality and legality in corporate Nigeria. The testimonials of some of the beneficiaries of this initiative as seen below, showcases the impact of the Eunoia SME Drive.

Slide to read the testimonials.

Testimonials

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