Nigerian SMEs to get concessionary funding
According to the vice president who represented the President, the government is looking at working with and through cooperatives, trade organisations and association so that the concessionary funding rates could be accessed by large numbers of SMEs.
While appreciating the importance of SMEs to the economy and the various efforts by government and government organizations including the CBN to ameliorate the problems of the SMEs, noted that the sheer number of businesses means that only a few have being impacted upon and therefore the challenge is that of increasing the volume and number of SMEs affected by government interventions.
In his contribution, US assistant secretary of state, Economic and Business Affairs, Charles Rivkin, said that when it is good for SMEs then it is good for all and that with the huge population of Nigeria, SMEs remain the driver to growth and sustainability.
