The FG has secured a $1 billion syndicated loan to support MSMEs in the country.
The FG has pledged to increase its support for MSMEs in the country to fight unemployment and aid economic growth.
Although the GDP Q4 2020 showed the economy has slipped out of the recession, the unemployment rate shows the country is still in the woods.
MSMEs must take the following steps for loan readiness.
Hajj Savings scheme will assist people to embrace savings for future investments.
African leaders would help speed up the recovery process in most African economies if they can continue to support the MSMEs.
Osinbajo has stated that the FG in partnership with the private sector would continue to provide interventions to boost the growth of small businesses.
BOI has successfully concluded a landmark US$1 billion loan syndication transaction.
The FG has urged governments at all levels to ensure that the private sector thrives in the country.
For small businesses to drive the global economy to recovery, they must have access to funding which is a key factor to their growth.