Vanguard News Towards driving economic growth from SMEs perspective in Lagos On By Timi Olubiyi SMALL and medium-sized enterprises, MSMEs, are generally regarded as the engine of economic growth in developing economies. Similarly, a large concentration of SMEs, including micro and nano businesses, are easily noticeable in Lagos State the economic hub of Nigeria. The state enjoys a high presence of SMEs, Micro and Nano businesses more than any state in Nigeria. Why is that? The simple metric to this is that Lagos State has a population size of about 15 million, according to United Nations, UN, projections and it appears like a country within a country considering the strength of economic activity and the populace.