Challenges and Opportunities for the Development of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria and Indonesia: A Comparative Study

Category: 2024 Series Written by Adamu Abubakar Muhammad & Tulus Tambunan Hits: 216

Adamu Abubakar Muhammad
Department of Religious Studies,
Federal University of Kashere Gombe State Nigeria

Tulus Tambunan
Center for Industry, SME and Business Competition Study,
Faculty of Economics and Business, Universitas Trisakti,
Jakarta, Indonesia

 

Abstract

This paper examines the challenges and opportunities facing the development of micro, small, and medium enterprises (MSMEs) in Indonesia and Nigeria, and provides evidencebased recommendations regarding areas for improvement. Using an exploratory research design, primary and secondary data were collected. Data analysis revealed that the greatest challenges facing MSMEs in both countries are inadequate financing, lack of market access, and lack of qualified personnel. Additionally, inadequate infrastructure such as unreliable power and poor access to transportation were cited as mjor impediments to business growth.

 

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