Small Businesses Drive Over 50% Nigeria GDP, Employ 84% Workforce

Small businesses play a vital role in Nigeria's economy, contributing significantly to employment and GDP, particularly outside the oil sector. These businesses span from informal kiosks and market vendors to formal firms like law and fintech companies, supporting over 50% of national employment and generating nearly half of the GDP. In the U.S., the dialysis industry, dominated by for-profit clinics, faces criticism for prioritizing profits over patient care, with investigations revealing many clinics failing federal standards. Meanwhile, in Canada, educational initiatives like the Pleasant Corners Public School Small Business Fair engage students in entrepreneurial activities, teaching financial literacy and business fundamentals through hands-on experience, while fostering community involvement. These examples underscore the diverse impact of small businesses and related enterprises across different sectors and countries.