MSMEs Need Patient Capital, Lighter Regulation To Create Jobs — NESG

The Nigerian Economic Summit Group (NESG) has said Micro, Small and Medium Enterprises (MSMEs) need access to patient, long-term capital and a lighter regulatory burden if they are to become the main engine of job creation in Nigeria.
Ahead of the 32nd Nigerian Economic Summit (NES #32), the private-sector think tank warned that the MSME sector continues to operate below its potential due to limited access to finance, high regulatory costs, infrastructure deficits, and the difficulties of moving from informal to formal operations.
“Access to finance remains a perennial barrier; regulatory costs are prohibitive; infrastructure deficits, particularly in power, logistics, and connectivit...