CPPE seeks overhaul of devt finance to boost funding for MSMEs

The Centre for the Promotion of Private Enterprise (CPPE) has called for a comprehensive overhaul of Nigeria’s development finance framework, warning that the country’s productive sectors are being held back by a financing shortfall estimated at more than N50 trillion.
The private sector advocacy group said the current financial system is failing to provide the affordable, long-term capital required to drive industrialisation, agricultural transformation and sustainable economic growth.
In a policy brief, CPPE argued that manufacturing, agriculture, agribusiness, micro, small and medium enterprises (MSMEs), supply chains and export-oriented businesses continue to struggle with proh...