 Small businesses are a critical component of Nigeria’s economy, contributing to employment and economic growth. However, the sector still faces several challenges, including limited access to finance, a lack of infrastructure, and limited access to markets. The government has initiated several initiatives to address these challenges, including the Small and Medium Enterprises Development Agency (SMEDAN) and the Micro, Small and Medium Enterprises Development Fund (MSMEDF). Opportunities for increased investment and growth exist in various segments of the small business market, including agriculture, manufacturing, and services.