SMEs in Nigeria are still confronted with difficulties in operating environment. The poor state of roads increase the cost of transporting both raw materials and finished goods to and from markets.

Limited availability of electricity and its high cost when available promotes the continued use of traditional low technology or legacy systems of production and also increases cost. There are also all kinds of regulatory and legal bottlenecks like licensing and registration which often creates barriers to their smooth operations.

Also, it is common to find the activities in the SMEs sector under constant threats from different organs of government. Different tiers of government collect regressive and multiple taxes and levies as well as other unofficial fees from SMEs. This probably is the reason for the three major problems of SMEs as captured by the Doing Business report to be: getting electricity, registering property and paying taxes.

These guys want to change all these, starting by giving you access to beautified information so you can make proper decisions.
Join this innovation by voting them in this SME Innovation Challenge. Click the link and vote, vote, vote.

https://innovatingjustice.com/en/#!/projects/transforming-smes-leveraging-visual-open-data-innovation

If you have not earn millions in nigeria, It is better to save your money in the bank than invest and lose everything.

Prove me wrong