Federal Government, Experts Seek Improved Financing Framework for MSMEs

Stakeholders in Nigeria’s enterprise sector have called for reforms to improve access to finance for micro, small and medium enterprises (MSMEs), with emphasis on business formalisation, better-targeted interventions and stronger coordination among government agencies and financial institutions.
The call came during a panel discussion at a breakout session of the 32nd Nigerian Economic Summit in Abuja on Monday.
Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, said the informal nature of many small businesses remained a major barrier to accessing financing. He said some enterprises had struggled to meet documentation requirements for intervention funds, inc...