Bankers’ Committee Launches SME Funding Initiative

  • Bankers’ Committee Launches SME Funding Initiative

The Bankers’ Committee of the Central Bank of Nigeria has introduced a new initiative to enable Small and Medium-scale Enterprises to access loans, funds and grants to grow their businesses.

According to a statement, the Funding Nigeria Small and Medium-scale Enterprises initiative is in line with the Federal Government`s commitment to growing SMEs.

The Group Head, Information Technology and Operations Directorate, Unity Bank Plc, Bonaventure Okhaimo, said, “To create the necessary awareness, we are organising a one-day public enlightenment workshop across three states of the federation on how SMEs can access funds, loans and grants available in the Funding Nigeria SMEs’ initiative.

“The initiative, which is part of the government`s economic diversification effort towards increased SMEs’ easy access to intervention funds, is aimed at growing small and medium-scale businesses for effective contribution to the Nigerian economy.”

According to him, sensitisation workshops are billed to hold in Lagos and Kano this month, and in Aba next month.

He said the workshops would be anchored by experts from Deposit Money Banks, the CBN, the Ease of Doing Business team, Bank of Agriculture, Bank of Industry and the Small and Medium Enterprises Development Agency of Nigeria.

Okhaimo encouraged SMEs, particularly agro business owners, farmers, local manufacturers and fabricators, to avail themselves of the opportunity of accessing funds by registering to be a part of the workshop, which he described as the first step towards being beneficiaries of the initiative.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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