Small and Medium Enterprises have been around for as long as humans have learnt to trade. However in the last few decades, SMEs have grown in scope beyond being father and son/mother and daughter business units to become bedrock of economies all over the world. According to Investopedia, even in an industrialized economy like the US, Small and Medium Businesses comprise more than 99% of all firms. They also contribute to 43.5% of the GDP and pay 39.7% of the entire U.S. private payroll. Furthermore, in spite of the massive conglomerates and tech LLCs that have emerged in the US since the 90s, Small businesses have still created 4.8 million more new U.S. jobs from 1995 to 2020 compared to large businesses. Similarly in Canada, majority of businesses are SMEs and they contribute an estimated 43% of all Canadian exporters. The trend is the same in emerging economies. In Nigeria for example, SMEs contribute an estimated 48% to the country’s GDP. Even from...