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SME Startups: For prestige or profitability

By Guardian Exclusive
27 December 2023   |   3:35 am
In Nigeria, small and medium-scale enterprises account for more than 48% of the GDP and constitute more than 80% of the entire business sector. However, their failure rate is very high as these businesses fold up between their 3rd and 5th year, these businesses fold up for several reasons, some because of profitability and some simply because of the harsh business environment. GuardianTV speaks with entrepreneurs about why businesses fail.

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