ARTICLE
11 January 2023

MSMEs–Practical Challenges And Risk Mitigation Post COVID-19

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PUNUKA Attorneys & Solicitors

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PUNUKA Attorneys & Solicitors is a fully integrated & multi-dimensional business law practice, providing legal services to a highly diversified clientele. Our practice areas cover Dispute Resolution, Energy Law, Insolvency, Capital Markets, Property/Real Estate, Media & Entertainment Law etc. The firm is distinguished by excellence, industry, technology and experienced Associates and Partners, with specialist legal knowledge.
The World Bank has estimated that micro, small and medium sized enterprises (MSMEs) represent over 95% of enterprises and account for more than 60% of employment worldwide...
Nigeria Employment and HR

The World Bank has estimated that micro, small and medium sized enterprises (MSMEs) represent over 95% of enterprises and account for more than 60% of employment worldwide. With limitations regarding their ability to self-protect against insolvency risk, their susceptibility to systemic demand and supply shocks, their limited capital reserves and their level of debt overhang, MSMEs are in a vulnerable predicament as government fiscal and insolvency relief measures are wound back and the world endures difficult economic circumstances and tightened monetary policy measures.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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