Access Bank on Monday said it had signed a subordinated syndicated Loan agreement worth $162.5 million (N58.18 billion) to promote growth and job creation by supporting Micro, Small and Medium Enterprises.
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The Director General, Small and Medium Enterprises Development Agency of Nigeria, Dr Dikko Umaru-Radda, said on Saturday that Micro Small and Medium Enterprises represented 96 per cent of business activities in the county.
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, has reaffirmed the bank’s commitment to the use its wide and versatile digital capacity to transform the entire value chain for micro, small and medium enterprises in Nigeria.
A statement, signed by Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, in Abuja, said Osinbajo made the announcement in Enugu.
Osinbajo made the assertion on Tuesday during the launch of the 19th edition of the National MSMEs Clinic in Enugu.
For decades, support to startups and small businesses (grouped under the acronym MSMEs) in Nigeria has been less than required, owing to a lack of proper bankable business structure, deficient collateral requirement, and low margins needed to attract funding from commercial banks.
The withdrawal was announced by the State Commissioner for Commerce and Industry, Ugo Nnachi, at the Executive Council Chambers, Government House
Uzoma Dozie, the Chief Executive Officer, Diamond Bank, says the bank has disbursed more than N1 billion to small businesses…
President of the Senate, Dr Bukola Saraki, has urged financial institutions to enunciate economic policies that will elicit development in Micro, Small and Medium Enterprises (MSMEs) sub-sector in the country.
The MSMEs Clinic, organized by the Office of the Vice President in collaboration with the Oyo State Government will start on June 25, 2018 at the International Conference Centre, University of Ibadan, Oyo State by 10am daily with an exhibition where locally made products and enterprise will be exhibited for inspection by the Governor of Oyo State, Senator Abiola Ajimobi, and an interactive session between the Federal Government agencies and members of MSMEs
Aliyu Dikko, the Chairman, Governing Board of BoI, made this known at the 58th annual meeting of the bank in Abuja on Thursday.
The News Agency of Nigeria reports that the fund was the first tranche of disbursement to Micro, Small and Medium Enterprises aimed at creating financial inclusion, wealth and empowerment of youths.
Micheal Attah, Nasarawa State Coordinator of NAFDAC, made this known in an interview with the News Agency of Nigeria in Lafia on Monday.
The World Bank’s Board of Executive Directors has approved a US$500 million International Bank for Reconstruction and Development (IBRD) credit to increase access to finance for medium and small scale enterprises (MSMEs).