Lagos Assembly seek provision of SME hub
Lagos State House of Assembly has called on Governor Babajide Sanwo-Olu, to create Micro, Small, and Medium Enterprises (MSME) hubs in the three senatorial districts
Processes, standards compliance and MSMEs’ repositioning
All over the world, expansion is a major challenge for businesses of all sizes, but process management can help maintain growth in sustainable and measurable ways.
‘Nexus between MSMEs advancement and contribution to national development’
Micro, Small and Medium Enterprises (MSMEs) have been generally acknowledged as the backbone to the success of developed nations, gaining popularity through the success rates in such developed economies that invested in the sector.
Kebbi: 9000 fishermen to benefit from FG’s MSME loan
Vice PRESIDENT Yemi Osinbajo has said that over 9000 fishermen will benefit from the Micro, Small and Medium Enterprises loan in Kebbi State. He stated this yesterday at the lunch of the 24th Edition of National micro, small and medium Enterprises clinic held in Birnin Kebbi, adding that the Federal Government is ready to bail 10 million Nigerians out of poverty by 2020.
Forex restriction on food import favourable to MSMEs – Association
The Nigerian Association of Small and Medium Enterprises (NASME) says Federal Government’s decision on foreign exchange restriction on food import is favourable to both the association and manufacturers in Nigeria.
Reforming microfinance to alleviate poverty, foster national development
A development economist and professor of public policy, Jonathan Morduch, once said: “Microfinance stands as one of the most promising and cost effective tools in the fight against global poverty.”
CBN’s collateral registry generates N1.2 trillion loans in two years
Central Bank of Nigeria (CBN)’s National Collateral Registry (NCR) has generated N1.264 trillion credit to the micro, small and medium enterprises (MSMEs) and individuals in the nation’s economy within two years, its Registrar, Mohammed Mainasara, has said. The NCR, a creation of the apex bank’s Development Finance Department in collaboration with the International Finance Corporation (IFC) commenced operation in 2017 following…
Bayelsa partners agency to boost MSME ecosystem
The Bayelsa Microfinance and Enterprise Development Agency (BYMEDA) has signed a Memorandum of Understanding with SureAid Development for Economic Stimulus to boost Micro, Small and Medium Enterprises (MSME) ecosystem in the state. SureAid is a microfinance investment organisation working with a number of charities. The agreement was signed during the Small and Medium Enterprises, (SME)…
BoI commences second level Tradermoni disbursements as beneficiaries repay loans
The Bank of Industry (BoI) has begun the disbursement of N15,000 TraderMoni loans to beneficiaries who have successfully paid back their first N10,000 loans. According to the Bank, the disbursement is in response to the increasing beneficiary repayments recorded under the scheme. Through a flexible weekly loan repayment plan of N430 per week paid over…
Single-digit lending alone can’t make MSMEs’ products competitive, says DBN
Development Bank of Nigeria (DBN), has again said the inability to on-lend to Micro, Small and Medium Enterprises (MSMEs) at a single digit as being clamoured is not solely responsible for their lack of competitiveness in the market. DBN, the latest development finance institution (DFI) set up in 2017, as wholesale lender, insisted that pricing…
Don't allow treasury looters to return to power, Osinbajo tells Nigerians
Vice President Yemi Osinbajo has implored Nigerians to resist the temptation of returning the Peoples Democratic Party (PDP) to power because its desperation is to loot the treasury again. Osinbajo said Nigeria's economy would have collapsed long ago, but for President Muhammadu Buhari's honesty, reminding that only honest and selfless leader can be trusted with…