FG explains GEM project’s operations, interventions
The Federal Ministry of Industry, Trade and Investment (FMITI), has explained some of the misconceptions regarding the World Bank Growth and Employment Project being implemented by the ministry.
Collateral Registry’s loan portfolio hits N12 trillion
No fewer than 154,827 operators Micro Small and Medium Enterprises (MSMEs), have used their movable assets to obtain loans from financial institutions, under the National Collateral Registry (NCR), estimated at about N1.21 trillion. Out of the number, were 22,251 female-owned MSMEs, even as a number of borrowers secured credit in 2017, with their movable…
‘Why we are supporting MSMEs with various intervention schemes’
Vice President Yemi Osinbajo, has said Micro, Small, Medium Enterprises (MSMEs), are the most important business component for economic growth and there should be supported for growth, Osinbajo said this at the weekend while launching the MSME clinic in Minna, Niger. “The MSME clinic is a response to the fact that we recognise that MSMEs…
MSMEs most important component for economic growth- Osinbajo
Vice President Yemi Osinbajo, says Micro, Small, Medium Enterprises (MSMEs) are the most important business component for economic growth.
‘Lack of proper information killing MSMEs in Nigeria’
Lack of proper and adequate information has been identified as the foundational problem of Medium, Small and Micro Enterprises (MSMEs) in Nigeria. Nigeria, which houses about 40 million MSMEs across various sectors in the country, contributes 50 per cent of the jobs in the economy, thus, making it significant to the growth of the nation.…
Experts proffer leeway to grow small businesses
For small businesses to grow and scale up, experts have advocated practical ways in which micro, small and medium enterprises (MSMEs) in the country can create purposeful and sustainable innovation.
Engineers urge government to resuscitate MSMEs, create jobs
The Nigerian Society of Chemical Engineers has advised the Federal Government to resuscitate Micro, Small and Medium Scale Enterprises (MSMEs) to solve unemployment problem facing the country.
‘Small businesses pose higher risks than bigger ones’
Ayo Olojede, Head, Emerging Businesses, Diamond Bank Plc, spoke with select journalists on efforts to promote sustainable growth among micro, small and medium enterprises (MSMEs), and the need for fund promoters to channel more resources into the sector. Clara Nwachukwu, was there. Excerpts Why are SMEs tagged emerging businesses in Diamond Bank? SME is an emerging…
Visa seals deal with LSG to digitize payments for MSMEs
In a committed effort to educate and enable Nigerians to reduce their reliance on cash, Visa, the global leader in payments, has announced the launch of the Cashless Lagos Hackathon in partnership with Lagos Innovates, an initiative of the Lagos State Employment Trust Fund, LSETF.
Bridging trade finance gap in a sustainable way
Issues of access to credit remain a persistent problem for businesses everywhere, especially for those in developing economies. In Nigeria, development financial institutions are exploring new measures to reach the bottom of the pyramid for deepened market access and economic development. FEMI ADEKOYA writes. Micro, Small and Medium Enterprises (MSMEs) are often described as the…