Access to Finance for Nigerian Entrepreneurs
Nigeria has about 40 million MSMEs — that stands for Micro, Small, and Medium Enterprises. [VERIFY: exact figure of 40 million MSMEs needs confirmation from SMEDAN or NBS 2025 data]. These businesses generate over half of the country’s GDP (Gross Domestic Product) and employ nearly 70% of its workforce. [VERIFY: 50% GDP and 70% employment contribution need verification against SMEDAN or NBS national accounts].
Yet fewer than one in twenty MSMEs can get a formal bank loan.
That’s not a typo. Formal credit reaches barely 4% of small businesses. [VERIFY: 4% access rate corroborated by Moniepoint/IFC report or CBN data].
The International Finance Corporation (IFC) puts Nigeria’s SME financing gap at $32.2 billion. Broader African estimates from [UNCTAD](https://unctad.org) go as high as $416 billion annually. [VERIFY: UNCTAD $416B figure needs source verification]. That shortfall is crushing.
So why is it so hard to get funded?
Let’s walk through the real barriers, the actual opportunities, and — most importantly — what you can do about it.
The Pain Points: What Nigerian Entrepreneurs Are Up Against
Let’s be honest. You’ve probably experienced at least one of these frustrations yourself.
“I Applied for a Loan and Got Nowhere”
You spent weeks gathering documents. You visited the bank multiple times. You filled out endless forms. Then came the silence. Or worse, a rejection letter with no real explanation.
This is the most common pain point. Banks make the process opaque and exhausting. They don’t tell you what you’re missing. They just say no.
The application process itself is designed for large corporations, not small businesses. Banks ask for audited financial statements, detailed business plans, and years of trading history. Most SMEs simply cannot produce these documents. And without them, your application goes straight to the rejection pile.
“The Interest Rates Will Kill My Business”
You run the numbers. You see a loan at 30% or 35% annual interest. You realise that after servicing the debt, your profit margin disappears. So you walk away.
Many entrepreneurs choose to stay small rather than take on debt they can’t afford. That limits growth. That limits job creation. That limits everything.
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) multiple times under Governor Olayemi Cardoso. From 18.75% in early 2024 to 26.5% by February 2026. Commercial banks have passed these increases directly to borrowers. Many SME loans now carry interest rates above 30% per annum.
At 30%, a N10 million loan costs N3 million in interest every year. That’s before you pay any principal. For a business with a 15% profit margin, that loan is a guaranteed loss. No wonder so many entrepreneurs refuse to borrow.
“I Don’t Have Collateral”
You have a thriving business. You have paying customers. You have a track record. But you don’t own land or property. And without collateral, the bank won’t even look at your application.
This is the cruelest irony. The businesses that need funding most are the ones least able to provide the security traditional banks demand.
Collateral is an asset (like land or property) that a borrower offers to a lender as security for a loan. If you default, the bank takes your collateral. For most Nigerian SMEs, the only valuable asset they own is their business itself. But banks don’t accept businesses as collateral. They want landed property. And most entrepreneurs don’t have it.
Even when SMEs do have collateral, the valuation process is problematic. Banks often undervalue properties. They charge high fees for valuation reports. And the entire process can take weeks or months. By the time you get approval, you may have missed your business opportunity.
“My Books Are a Mess”
You’re busy running your business. You’re not an accountant. You don’t have time to maintain perfect financial records. But banks want audited accounts and proper statements. Without them, you’re invisible to lenders.
Poor bookkeeping isn’t just a minor issue. It’s a dealbreaker. And yet, no one tells you how to fix it.
Many small business owners in Nigeria operate cash-based businesses. They don’t issue receipts. They don’t track expenses systematically. They don’t reconcile bank statements. This is perfectly understandable. When you’re focused on keeping your business alive, bookkeeping feels like a luxury.
But to a banker, poor bookkeeping signals poor management. If you can’t track your own money, why should they trust you with theirs? The system penalises informal businesses. And the vast majority of Nigerian SMEs are informal.
“I Don’t Even Know Where to Start”
Government programmes exist. Development finance institutions exist. Fintech lenders exist. But finding them, understanding their requirements, and applying correctly feels like a full-time job.
Most entrepreneurs simply don’t have the time or knowledge to navigate this maze. So they give up.
The Bank of Industry (BOI) has multiple programmes. SMEDAN has different initiatives. The CBN has intervention funds. State governments have their own schemes. Each has different application forms, different deadlines, and different eligibility criteria.
Without a guide, it’s overwhelming. And the application forms themselves are daunting. They ask for business registration numbers, tax identification numbers, detailed financial projections, and business plans. Many SMEs don’t have these documents ready. So they never apply.
“Insecurity and Bad Infrastructure Drain My Profits”
You can’t grow when your power goes out for hours every day. You can’t plan when insecurity disrupts your supply chain. You can’t invest when taxes keep piling up.
The CBN Business Expectations Survey confirms what you already know: insecurity, high taxation, and insufficient power supply are your top constraints. They eat your margins. They make you look risky to lenders. And they keep you stuck.
Insecurity ranks as the top constraint nationwide with an index score of 70.1. High or multiple taxation follows at 69.7. Insufficient power supply comes in at 69.3. These aren’t abstract numbers. They represent real costs that Nigerian entrepreneurs bear every single day.
If you’re running a business in Lagos, you know what this means. You spend a fortune on diesel for generators. You pay multiple taxes at federal, state, and local government levels. You deal with supply chain disruptions caused by insecurity. All of these costs reduce your profitability. And reduced profitability means banks see you as a higher risk.
“I’m a Woman and Nobody Takes Me Seriously”
Women entrepreneurs face additional barriers. They often lack access to the networks that connect men to funding. They face bias from traditional lenders. And they frequently have less access to collateral because of cultural norms around property ownership.
Yet studies consistently show that women repay loans at higher rates than men. The Moniepoint report found that women borrowers default at 2.5 times lower rates than their male counterparts. Women accounted for 36% of Moniepoint’s loan portfolio in 2025, compared with an industry benchmark of between 15% and 25%.
The gap isn’t about women being less creditworthy. It’s about a system that hasn’t adapted to serve them.
The Real Reasons You Can’t Get a Loan
A $236 Billion Black Hole
Only 4% of Nigeria’s 40 million small businesses hold formal bank loans. The 2025 Moniepoint Informal Economy Report (done with the IFC) shows a worrying trend: 51% of surveyed businesses said they have never taken a loan and don’t want to. That’s up from 30% the year before.
Why? Lending conditions got harsher. Interest rates skyrocketed. Many entrepreneurs simply gave up asking.
This isn’t just a Nigerian problem. Across Africa, SMEs face a financing gap estimated at $416 billion annually. Nigeria accounts for a significant portion of that shortfall. But the consequences are more severe here because Nigeria has the largest number of SMEs on the continent.
Interest Rates That Kill Profit
Under Central Bank of Nigeria (CBN) Governor Olayemi Cardoso, the Monetary Policy Rate (MPR) — which is the benchmark interest rate that influences how much banks charge for loans — climbed from 18.75% in early 2024 to 26.5% by February 2026. That pushed many SME loan rates above 30% annually. At that level, borrowing often guarantees losses. You can’t grow a business when the cost of capital eats every margin.
The CBN has been fighting inflation, which stood at elevated levels throughout 2024 and 2025. Their tool is raising interest rates. But the side effect is that borrowing becomes prohibitively expensive for small businesses. It’s a classic policy dilemma: control inflation or support growth. So far, the CBN has chosen to fight inflation.
The Collateral Trap
Collateral is an asset (like land or property) that a borrower offers to a lender as security for a loan. Most banks want landed property as collateral. Many SMEs don’t have it. And even if they do, poor bookkeeping kills their chances. No audited accounts. No proper financial statements. No clear cash flow records. Banks look at that and walk away.
Even when collateral is available, the process is slow and costly. Banks require professional valuation reports, which can cost hundreds of thousands of naira. They charge legal fees for documentation. They take weeks to process applications. Many SMEs simply can’t afford the time or money required.
Insecurity, Taxes, and No Power
The CBN Business Expectations Survey ranked insecurity as the top constraint (70.1 index score), followed by high taxation (69.7) and insufficient power supply (69.3). These aren’t just inconveniences. They erode profitability and push businesses further into the informal sector, making formal financing even harder to access.
Insecurity affects supply chains. It affects customer footfall. It affects investor confidence. When businesses can’t operate safely, they can’t grow. And when they can’t grow, they can’t access finance. It’s a vicious cycle.
Taxation is another major burden. Nigeria has multiple layers of taxation — federal, state, and local government. SMEs often pay taxes they don’t even understand. The complexity is overwhelming. And it drives more businesses into the informal sector, where they avoid taxes but also lose access to formal financing.
Power supply is perhaps the most visible constraint. Nigerian businesses spend an estimated N5 trillion annually on alternative power sources. That’s money that could be invested in growth. Instead, it goes to diesel and generators. Banks see this as a risk. And they’re not wrong.
Financial Inclusion Without Credit Access
Nigeria’s financial inclusion rate hit 74% in 2023. But only about 6% of adults access credit through formal channels. Private sector credit stands at just 13.1% of GDP — well below Kenya and South Africa. [VERIFY: private sector credit to GDP ratio of 13.1% needs verification from World Bank or CBN data].
World Bank data suggests Nigerian SMEs could grow twice as fast with equity financing, but equity is almost impossible to find. The Bank has supported reforms to strengthen bank capital and expand MSME lending, yet the paradox remains: more bank accounts haven’t translated into more loans.
Financial inclusion has focused on payments and savings. People can open bank accounts easily now. They can transfer money. They can receive payments. But they still can’t access credit. The infrastructure for lending hasn’t kept pace with the infrastructure for payments.
Where the Money Actually Comes From
Bank of Industry (BOI)
The Bank of Industry (BOI) is Nigeria’s biggest development finance institution. Development finance means funding provided to promote economic growth, often with lower interest rates and longer repayment periods. In 2025, BOI disbursed a record N636 billion to over 7,000 businesses across manufacturing, agribusiness, MSMEs, infrastructure, power, ICT, and creative sectors. That’s the largest annual disbursement in its history. The African Development Bank (AfDB) also approved a $200 million facility for BOI to expand long-term funding.
BOI’s success in 2025 shows what’s possible when development finance works. The Bank achieved over 95% disbursement on the N200 billion Federal Government MSME Intervention Programme. The Presidential Conditional Grant Scheme reached 957,400 beneficiaries. These are real businesses getting real funding.
Key BOI programmes you should know:
N200 billion MSME Intervention Fund (Federal Government): BOI achieved over 95% disbursement. The Presidential Conditional Grant Scheme reached 957,400 beneficiaries.
Breakdown by business size: N51 billion to nano enterprises, N32 billion to micro businesses, N178 billion to SMEs, and N375 billion to large enterprises. Total jobs created or retained: 1.6 million.
GLOW Programme (Guaranteed Loans for Women): A N10 billion gender-focused fund offering up to N50 million per beneficiary.
Youth-Owned Enterprises: Received N12 billion.
RAPID: Supported 880 rural-based enterprises with over N6.5 billion across all 36 states and FCT.
iDICE: Digital and creative enterprise programme targeting over 300,000 Nigerians, funding 100 tech ventures and preparing 500 founders for investment.
BOI is a critical player, but accessing its funding still requires preparation. You need a bankable proposal. You need proper documentation. You need to meet specific eligibility criteria. This is where professional advisory support becomes essential.
World Bank FINCLUDE Project ($500 million)
Approved in December 2025, this $500 million package ($400 million IBRD loan + $100 million IDA credit) will be implemented by the Development Bank of Nigeria (DBN).
FINCLUDE targets:
Mobilise ~$1.89 billion in private capital.
Expand debt financing to 250,000 MSMEs.
Reach 150,000 women-led businesses and 100,000 agribusinesses.
Issue up to $800 million in guarantees.
Extend average loan maturity to about three years.
FINCLUDE represents a significant expansion of credit access. It specifically targets women-led businesses and agribusinesses, two sectors that have historically been underserved. The guarantee mechanism is particularly important because it reduces the risk for commercial banks, encouraging them to lend to SMEs.
SMEDAN
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) mobilised over N12 billion in affordable financing through public-private partnerships. It created over 90,162 new jobs in Q1 2025 alone.
SMEDAN is the government agency specifically created to support SMEs. It doesn’t just provide funding. It also offers training, capacity building, and business development services. These non-financial services are equally important because they prepare businesses to access finance.
SMEDAN initiatives:
Conditional Grant Scheme: Over 18,339 nano businesses received grants to formalise.
One Local Government One Product (OLOP): Over 3,100 cooperatives financed.
Training: Over 40,000 small businesses trained in financial literacy, access to finance, export readiness, and digital skills.
SMEDAN’s training programmes are often overlooked but critically important. Many SME owners don’t know how to prepare a business plan. They don’t understand financial statements. They don’t know how to apply for loans. SMEDAN fills this knowledge gap.
Lagos State
The Lagos State Employment Trust Fund (LSETF) has invested over N25 billion, supporting about 40,000 MSMEs and creating roughly 200,000 direct and indirect jobs.
LASMECO now offers non-collateralised loans of up to N10 million at single-digit rates through cooperatives. In 2025, Lagos disbursed about N1.9 billion in loans and grants to 4,036 MSMEs, plus N23 million in grants to 65 businesses.
Lagos State is Nigeria’s commercial capital, and it has the largest concentration of SMEs. LSETF and LASMECO are making a real difference. Their focus on non-collateralised lending is particularly important because it addresses one of the biggest barriers — the collateral requirement.
Other Federal Government Schemes
N150 billion CBN SME Intervention Fund (launched April 2025): Prioritising export-ready and productive-sector MSMEs.
N75 billion MSME Intervention Fund and N50 billion Presidential Conditional Grant Scheme.
Syndicated De-Risked Loans: Single-digit interest loans via state-government partnerships.
Banks and Microfinance Banks
Commercial Banks — Tight and Getting Tighter
Bank lending to the private sector actually shrank — from N78.02 trillion at end-2024 to N75.8 trillion by end-2025. SMEs got a tiny slice of that. Banks preferred secured corporate facilities and cut unsecured lending to smaller firms.
This contraction reflects the broader economic environment. With high interest rates and rising default risks, banks have become more conservative. They’re not necessarily hostile to SMEs. They’re simply protecting their balance sheets.
But the effect is the same. SMEs get squeezed. And the most vulnerable businesses — the ones that need financing most — are the ones that get cut off first.
Microfinance Banks — Growing Fast
MFBs grew loans by 92.8% in 2025, hitting N4.43 trillion. Accion Microfinance Bank argues Nigeria must move beyond collateral-based lending because over 80% of jobs come from informal businesses that simply can’t provide traditional security.
Microfinance banks are filling the gap left by commercial banks. They offer smaller loans. They have simpler application processes. They’re more willing to work with informal businesses. This is a positive development, but MFBs still face constraints. Their lending capacity is limited by their deposit base. And they charge higher interest rates than commercial banks.
Fintech and Alternative Lenders — The New Frontier
Moniepoint
Fintech means financial technology — companies that use software and digital platforms to deliver financial services, often without traditional bank branches. While traditional banks pull back, fintech lenders are stepping up. Moniepoint disbursed over N1 trillion in credit to small businesses in 2025, including more than $700 million in that year alone. [VERIFY: N1 trillion disbursement and $700 million figure from Moniepoint 2025 report].
Key numbers:
Three out of every four Moniepoint borrowers received formal business credit for the first time.
Businesses that used Moniepoint credit grew by over 36% on average.
Lending to women-owned businesses rose more than 300%. 62% of female borrowers got their first formal loan through the platform.
Women default at 2.5 times lower rates than men.
Women accounted for 36% of Moniepoint’s portfolio (industry benchmark is 15–25%).
Moniepoint doesn’t ask for collateral. It uses transaction data and payment behaviour to assess cash flow. The platform now serves over 20 million individuals and businesses, processing over $250 billion in annual transaction value.
Moniepoint’s model is revolutionary. By using transaction data instead of collateral, it can serve businesses that banks reject. And the results speak for themselves. Businesses that borrow from Moniepoint grow faster. Women, who have been excluded by traditional lenders, are being brought into the formal financial system. This is the future of SME lending.
Zedvance
This alternative lender disbursed N120 billion in loans in 2025, reflecting surging demand outside the traditional banking system.
FCMB SheVentures
FCMB expanded its SheVentures loan pool to N1 billion, offering interest-free loans of up to N10 million to women entrepreneurs.
Alternative Financing Options You Might Not Know About
Crowdfunding
The Securities and Exchange Commission (SEC) has approved three crowdfunding platforms. Crowdfunding allows businesses to raise capital from multiple investors with minimal documentation and flexible terms. SEC and SMEDAN also signed an MoU to help SMEs access the capital market via equities, bonds, and crowdfunding.
Crowdfunding is still emerging in Nigeria, but it has enormous potential. It allows businesses to raise funds directly from the public, bypassing traditional banks entirely. For some businesses, this will be a game-changer.
National Credit Guarantee Company
Launched in 2025, this guarantees up to 70% of SME loans — no landed collateral required. The World Bank‘s credit-collateral substitute scheme also provides silent guarantees to commercial banks, covering up to 60% of default risk for conventional loans and 75% for others.
Factoring and Leasing
Factoring companies pay you immediately after you invoice a large buyer — no more 30–90 day payment delays. Leasing is also growing, letting you acquire machinery and equipment with long-term payment plans.
Venture Capital and Equity
Nigeria’s startup scene saw significant VC activity in 2025. The iDICE programme anchored a new venture fund that closed $64 million in its first round. Notable deals: Arnergy raised $15 million, plus LemFi, Chowdeck, and others attracted multi-million-dollar investments. Ventures Platform marked the first close of its second pan-African fund.
Specialised Funds
Women GLOBE Loan: Single-digit interest for women entrepreneurs.
Youth Entrepreneurship Fund: Affordable financing for young founders.
Rural Area Investment Fund (RAPIJO): Single-digit loans for rural businesses.
Agri-Fund: Newly launched for agricultural businesses.
How You Can Actually Improve Your Odds
Build Real Financial Records
Banks can’t evaluate what you don’t document. Proper bookkeeping, audited accounts, and structured financial statements separate the funded from the unfunded. UNCTAD has run training-of-trainers workshops in Nigeria on SME financial reporting skills — because this matters that much.
Start by tracking every payment. Record every expense. Reconcile your bank statements monthly. If you can afford it, hire a professional bookkeeper. The investment will pay for itself many times over when you need to borrow.
Know Your Options
Many SMEs don’t even know about crowdfunding, credit guarantees, factoring, leasing, or VC. Research what fits your business. Government platforms and private-sector mechanisms now offer far more flexible funding than traditional banks. The OECD recommends national financial education strategies that specifically target MSMEs — and for good reason.
Formalise Your Business
The Corporate Affairs Commission (CAC) is the official body that registers businesses in Nigeria. Formalisation means registering your business with the CAC, giving it a legal identity. SMEDAN has registered over 263,454 businesses, giving them a formal identity. Formal businesses access government programmes and commercial lending far more easily than informal ones. It’s a step many founders skip, but it pays off.
Use Technology to Your Advantage
Fintech lenders care about your transaction history, not your collateral. Build a digital payment footprint. Let the data speak for your creditworthiness. It works.
Invest in Capacity Building
SMEDAN has trained over 40,000 small businesses on financial literacy, export readiness, AfCFTA opportunities, and digital skills. These programmes connect you to markets and strengthen your business case to lenders.
How Qeeva Advisory Steps In
At Qeeva Advisory, we know access to finance is the single biggest hurdle you face. We don’t just talk about it. We build the financial documentation, business plans, and strategies that actually get you funded.
Our Feasibility Study and Project Advisory service turns your business idea into a bankable proposal — the kind BOI, DBN, and commercial lenders actually approve.
Need stronger books? Our Bookkeeping Services keep your financial data accurate and ready for any lender or investor.
Our Advisory Services help you identify the right funding sources, prepare compelling business cases, and navigate the application maze.
We also write professional Business Plans that attract investors and satisfy lender requirements.
And because compliance matters, our Regulatory Compliance and Corporate Compliance & Annual Returns Filing services keep your business in good standing with the CAC — which lenders check before saying yes.
Our Service Methodology
We don’t do generic. We do thorough, transparent, and actionable.
Step 1: Financial Health Assessment & Gap Analysis
We review your records, structure, credit history, and existing financing relationships. We find the gaps.
This step draws on our Bookkeeping Services to ensure your numbers tell the truth, and our Advisory Services to spot the risks and opportunities you might have missed.
Step 2: Funding Source Identification
We match you to the right programmes — government, development finance, fintech, banks, or VC — and explain the timelines, costs, and requirements.
Our Advisory Services come into play here, helping you filter through the noise and pick the funding path that actually fits your business size, sector, and growth stage.
Step 3: Documentation & Application Prep
We prepare feasibility studies, business plans, financial projections, and compliance docs that stand out.
For this, we lean on our Feasibility Study and Project Advisory to build bankable proposals, and our Business Plan Service to craft a narrative that lenders and investors actually want to read.
Step 4: Submission & Follow-Up
We support you through the entire application process — answering queries, providing extra docs, and negotiating favourable terms.
Our Advisory Services team stays on the call with you, making sure no request from the financier goes unanswered and no deadline slips.
Step 5: Post-Funding Support & Monitoring
We help you track performance, maintain accurate records, and build a strong credit history for future funding.
We keep your books in shape with Bookkeeping Services and ensure you stay on the right side of regulators with our Regulatory Compliance support — so you’re always ready for the next round of financing.
FAQs
Q: What’s the biggest barrier to accessing finance for Nigerian SMEs?
A: High interest rates (often above 30%), stringent collateral demands, weak documentation, and no credit history. Poor bookkeeping is a recurring killer.
Q: What government programmes exist for SME financing in Nigeria?
A: BOI‘s N200 billion fund, SMEDAN‘s N12 billion affordable financing, the N150 billion CBN fund, LASMECO (single-digit, no-collateral loans up to N10 million), and the World Bank‘s $500 million FINCLUDE project.
Q: How can I get a loan without collateral?
A: The National Credit Guarantee Company covers up to 70% of SME loans. LASMECO offers no-collateral loans. Fintech lenders like Moniepoint use transaction data instead of property.
Q: What’s the actual funding gap for Nigerian SMEs?
A: Estimates vary. IFC puts it at $32.2 billion. Broader African figures from [UNCTAD](https://unctad.org) suggest $416 billion annually. The shortfall is massive regardless.
Q: How can I improve my chances of getting a business loan in Nigeria?
A: Build proper financial records. Formalise your business with the CAC. Use digital payments to build transaction history. Get financial literacy training. Explore alternatives beyond traditional banks.
Q: How does Qeeva Advisory help?
A: We offer feasibility studies, bookkeeping, business plan preparation, and strategic advisory to build bankable proposals and connect you to the right funding sources.
What This Means for You
A $236 billion gap. Only 4% of MSMEs with formal loans. Those numbers feel impossible.
But change is happening. The World Bank‘s $500 million FINCLUDE. BOI‘s record N636 billion. Moniepoint crossing N1 trillion in SME credit. Crowdfunding. Credit guarantees. Factoring.
The money exists. The question is whether you’re positioned to get it.
Build your records. Formalise your business. Know your options. And get professional help to present yourself as a credible, fundable business.
You don’t have to figure this out alone. Qeeva Advisory has walked this path with hundreds of Nigerian businesses. We know what lenders want. We know how to package your story.
Your journey to financial empowerment starts with a conversation. Let’s have it.
Suggested Reading from Our Blog
Explore these related articles to deepen your understanding of business growth and financing:
Feasibility Studies and Their Importance – Learn how to develop bankable proposals that meet financier requirements.
Corporate Compliance and Annual Returns Filing – Ensure your business meets regulatory requirements for financing.
Related Services
We offer specialised services to help businesses access finance and achieve sustainable growth:
Feasibility Study and Project Advisory – Develop bankable proposals that meet financier requirements.
Bookkeeping Services – Accurate financial records for sound loan applications and investor presentations.
Advisory Services – Strategic guidance for identifying funding sources and accessing capital.
Business Plan Service – Professional business plans that attract investors and satisfy lenders.
Regulatory Compliance – Ensure your business meets all legal and regulatory requirements for financing.
Let’s Talk About Your Access to Finance
Access to finance is not just about getting a loan. It is about building a business that can attract investment, grow sustainably, and create lasting value. At Qeeva Advisory, we take the time to understand your unique business and develop strategies to help you access the capital you need.
Whether you need help with feasibility studies, business plans, or strategic advisory, our team is here to support you.
📞 Call us: (+234) 802 320 0801, (+234) 807 576 5799
📧 Email: info@qeeva.com
📍 Visit us: 5, Ishola Bello Close, Off Iyalla Street, Alausa, Ikeja, Lagos, Nigeria
Contact us today to schedule a complimentary consultation. We would love to hear about your business and explore how we can help you access the finance you need to grow.
Your journey to financial empowerment starts with a conversation. Let’s talk.
Reference Links / Sources
World Bank Approves $500 million to Expand Finance for Small Businesses in Nigeria – World Bank
IFC to inject $30bn annually to strengthen MSMEs – Daily Trust
Nigerian small businesses suffer $32.2bn finance gap – IFC – BusinessDay NG
AfDB approves $200 million facility for BOI to support Nigerian SMEs – Nairametrics
SMEs suffer $416B financial deficit annually in Nigeria, others, says U.N – Guardian NG
World Bank data shows Nigerian SMEs could grow twice as fast with equity – BusinessDay NG
Moniepoint Informal Economy Report 2025 – Moniepoint
Fostering Inclusive Finance for MSMEs in Nigeria (FINCLUDE) Project – World Bank
