Globally, MSMEs are considered the critical engines of economic growth.
Sanwo-Olu said that this seed capital will be domiciled in the Lagos State Employment Trust Fund.
The sub-sector is characterised by huge financing gap, which hinders the development of MSMEs.
In Nigeria, deposit money banks are required to keep 65% loan to deposit ratio.
An overwhelming 94.3% of businesses surveyed reported being negatively impacted by the COVID-19 pandemic
Lockdown around Kano, Lagos, Port Harcourt, and incidentally Kaduna and they constitute a significant part of the applicants that applied for the loans.
The six states in the North-East geopolitical zone will receive a N2.4 billion Bank of Industry (BoI) grant to support the growth of 110,000 MSMEs.
A non-government organisation (NGO), Sustainable Entrepreneurship and Economic Development Initiative (SEEDi) has urged the Federal Government to produce a Micro, Small and Medium Enterprises (MSMEs) development...
About 628 financial institutions have contributed to the development and growth of MSMEs in Nigeria.
In an effort by the Buhari administration to bridge the gap between Micro, Small and Medium Enterprise (MSMEs) and relevant Federal Government regulatory agencies, like National...