Osinbajo has stated that the government will improve the business environment for MSMEs in Nigeria by proper regulation.
FG released guidelines to access the N75 billion MSME Survival Fund.
MTN Nigeria commenced The Revv Program to mitigate the effects of the pandemic on SMEs across Nigeria.
Globally, MSMEs are considered the critical engines of economic growth.
Since access to finance is a key constraint to SME growth, funding it has become paramount.
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
The new finance bill has generated lots of controversies at different fora and among operators in the SMEs as many do not understand the benefit.
Some economists and financial experts have attributed the retention of the MPR at 13.5% by the CBN to late budget cycles.
The Monetary Policy Committee (MPC) of the CBN holds its 269th meeting today and tomorrow, September 19 and 20, 2019.
