The Warri area experienced a mass exodus of businesses following the ethnically charged Warri Crisis of the 1990s and the heightened security measures of oil companies. In recent years, the economy has revitalized with a noticeably vibrant informal sector, constant construction activities, and an increasing number of residents. Development of industries and commercial activities in the Warri area can be stimulated by investment in electricity generation, good roads, accessible credit, and large scale introduction of modern practices in value chains, to name a few. Misuse of public funds by public officials is recognized as the largest impediment to development. The purpose of this initial assessment is to identify MSME markets, provide a contextually rich understanding of the Warri-area business environment and culture, and highlight the growth opportunities and constraints of MSMEs, as expressed by business owners through focus group discussions and key informant interviews.
Tags: MSME Warri