In the face of the collapse of small businesses in Nigeria, Precious Forcados, Managing Partner at Biztraction Limited, is leveraging their pro-bono business advisory initiative to help Nigerian micro and small business owners survive and thrive.
According to data from the Association of Small Business Owners of Nigeria (ASBON), over 10 million small businesses shut down in 2023 alone.
BusinessDay further reports that over 80 percent of Nigerian MSMEs collapse within their first five years.
