The Director-General, Small and Medium Enterprises Development Agency (SMEDAN), Olawale Fasanya, has lamented that between 2017 to 2021 alone, over two million businesses in Nano, Micro, Small and Medium Enterprises (nMSMEs) subsection died.

He explained that it led to pushing more than six million Nigerians into the unemployment market.

According to him, insecurity largely caused the death of the businesses that denied farmers access to their farms, adding that inadequate access to affordable funds, high cost of doing business, inflation, and lack of access to local, regional and global markets, among others, were also factors.