Nigeria is exploring innovative finance solutions to support the growth of its small and medium-sized enterprises (SMEs). The Securities and Exchange Commission (SEC) has partnered with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to enhance SMEs’ access to capital market financing, addressing the challenges these businesses face in securing long-term, affordable funding.
The partnership will focus on co-branding financial literacy content and developing SME investment-readiness toolkits. Additionally, both agencies plan to co-host a National SME Capital Market Summit later in the year to showcase alternative funding avenues available through the capital market.
SEC Director-General Dr. Emomotimi Agama emphasized the importance of inclusive capital formation in unlocking Nigeria’s entrepreneurial potential. He noted that the capital market is the engine room of any economy, and without access to long-term funding, businesses cannot scale.
This initiative represents a significant step towards empowering SMEs in Nigeria and promoting innovative approaches to financing small businesses.
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