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With a population of 148 million € and the second largest economy in the continent after South Africa, the state of the Nigerian economy is a set of extreme contradictions. The sources of the United States 10% of its imports of crude from fields in the oil-rich Niger Delta, a region known as the home of one of the largest natural gas reserves in the world. Despite this natural wealth, Nigeria is crippled by endemic poverty and pressing macroeconomic indicators and indices of human development. Unemployment is endemic, over 54% of the population lives on less than $ 1 per day. Decades of political turmoil, civil unrest and government mismanagement are major largely based on this state of affairs in Nigeria to blame. The return of democracy in 1999 paved the way for economic reforms and the adoption of an ambitious plan to make Nigeria the 20 largest economies in the world until 2020. A subsequent massive rebalancing of economic policy initiatives at home yielded tangible results: the foreign exchange reserves has increased fivefold 2003-2006, while the average annual GDP growth of over 7%. However, and due to long-standing systemic imbalances, GDP per capita of $ 444 appeared in 1997 to $ 430 in 2004 and that poverty has actually increased. The main problem is the excessive dependence on Nigerian oil and gas exports that took almost 600 billion U.S. dollars over the past five decades, but made little difference in the non-oil sector that, in a climate of political struggle and failure impairment of financial and technical support. The new thrust of Nigeria economic objectives must be on the development of entrepreneurship, taking into account their huge human resource capacity, and a way to integrate more rapidly accelerated economic growth is possible. The weaning away dependence on nonrenewable resources while promoting micro, small and medium enterprises (MSMEs) is essential to both the target for 2020 and Nigeria Millennium Development Goals. MSMEs have been responsible for the rapid growth of many countries around the world, historically phased in starting with the United Kingdom and the United States, Europe, Latin America and in recent years, a considerable part of South and East Asia. Currently, over 90% of companies in the world estimated MSMEs, represent up to 80% of total employment prospects. In OECD countries, the component of MSMEs as high as 97% of all activities is between 40% and 60% of GDP1 in member countries. These statistics hide a wealth of ideas for Nigeria to achieve its economic development. The first one is that the healthy growth of MSMEs of fundamental importance for the development of rural economy in the pursuit of overall economic development. MSME includes a diverse range of agriculture, manufacturing, services and trade, based on net asset value and the workforce at a particular level of the maximum and minimum values for the two counts dropped. Often, extreme diversity do in terms of size and structure with the right mouse button corporations rural artisans, small machine shops of new software and IT companies. They are dynamic, by definition, and include a wide range of skills-oriented growth needs in terms of innovative solutions, technology and equipment and knowledge-gradation. The central demand in the promotion of them, however, is the development of a sustainable microfinance industry with an integrated access easier for small and medium enterprises. On the political front, proactive measures for Nigeria MSME initiatives, the most important was a change in the law, which commercial banks in the country set aside 10% of profit before tax for investment Small businesses need to promote. The IMF and World Bank are currently pursuing specific outreach is underway to Nigerian micro-finance through processes tailored to streamline the credit assessment and monitoring using micro-credit. The effectiveness of these measures has been confirmed to some extent by recent developments. In June of this year the Nigerian government to pay 20 million in loans dollars2 of small industry. It is a remarkable achievement given the latter from $ 8 multiplied. 4 billion initial World Bank grants the sector in 2006. Policymakers usually poor negotiated access to borrowing and equity in Nigeria with the introduction of micro-finance institutions in new, which offered a broad and deep funding. Despite the initial euphoria, the rest of Nigeria MSME productivity and limited growth potential acute. Business Development Services generally still underdeveloped in terms of possible projections, and focus particularly poor in rural areas outside major urban centers. In addition to the inherent infrastructure deficits, rates of growth of MSMEs are still hampered by lack of business knowledge, particularly the ability to identify successful business opportunities. vision of past and current realities on the ground in Nigeria, an environment conducive to rapid growth in this important sector requires some basic fittings, including: * Effective regulation and supervision of microfinance institutions (MFIs) and operations.
* strengthening MFI constant evaluation of best practices and sustainability.
* improved ability to plan for the disbursement of the loan for the application area. Coordination
* better understanding between various agencies – public, private and donor funds. It is certainly not a panacea or

shortcut, locate the company. The World Bank defines the future prospects of the development program of MSMEs in Nigeria with five priorities3: increased width and depth of finance available to MSMEs, the creation of markets for business development services, to provide the Technical support and capacity building, allocation of resources on access to global best practices, and finally funding the implementation, review and monitor each project. The existential value of MSMEs is derived from the fact that they offer products and services than their larger counterparts do not or can not. Early recognition and use of this potential is only half the job. The real challenge for Nigeria not to reach the end of MSMEs chances, but on the integration of their success to an economy of solidarity, without the shortcomings that have harassed the vast majority of its population, for the most part a half-century can be done.

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