THE Federal Government has unfolded plans to fast-track the establishment of vibrant and efficient venture and equity capital organisations that will facilitate provision and access to cheap funds for Micro, Small and Medium Enterprises (MSMEs) across the country.
The Minister of Industry, Trade and Investment, Olusegun Aganga, said this during the launch of the National Enterprise Development Programme (NEDEP) and inauguration of the Ogun State Council on MSMEs in Abeokuta, last week.
Aganga said: “We want to build a new sector called venture capital and private equity sector to support small and growing businesses in Nigeria.
“Very soon, you will see some changes in our laws and regulations that will promote the development of venture capital organisations that will provide equity, debt capital and business support services to those sectors.”
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