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Table 1 SMEs classification a(Nigeria)

From: The determinants of location specific choice: small and medium-sized enterprises in developing countries

Size Category Employment Assets = NGN1= Asset2 Assets3
    US Dollars Chinese Yuan
Micro Enterprises ≥ 10 ≥ 5,000,000 ≥ 16,667 ≥ 125,000
Small Enterprises 10–49 5,000,000–49,000,000 16,667–163,333 125,000–1,225,000
Medium Enterprises 50–100 50,000,000–499,000,000 166,667–1,663,333 1,879,000–18,750,000
  1. a Excluding Land and Buildings
  2. 1. NGN- Nigeria naira. 2. Conversion rate of N300 to 1 US dollar. 3. Conversion rate of N40 to 1 Chinese Yuan. Adapted from Nigeria National Policy on MSMEs, 2010