Mr Adebayo Shittu

FG Decries Poor Contribution Of SMEs To GDP

By Chibuike Nwabuko

Abuja (Sundiata Post) – Federal government has again decried the poor contribution of the Small and Medium Enterprises, SMEs, to the Gross Domestic Product, GDP in Nigeria even as 96 percent of businesses in the country are control by SMEs.

 

The Minister of Communication, Adebayo Shittu disclose that proper development and deployment of information Communication Technology, ICT, in related ICT services is capable of increasing the present contribution tothe nation’s Gross Domestic Product, GDP.

In a statement on Monday, the Minister of Communications, Mr. Adebayo Shittu said that  proper development and deployment of Information Communication Technology (ICT) in ICT related services  has the capacity to enable the Small and Medium Enterprises(SMEs) to increase its present contribution of one percent to the nation’s Gross Domestic Product (GDP).

 

The Minister  enjoined SMEs to properly develop and deploy Information Communication Technology, ICT, in ICT related Services to increase its contribution to the Gross Domestic Product to justify the share of the businesses it controls which the Minister put at 96 percent.

 

 

 

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