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CBN Governor, Emefiele Pledges Better Deal For Nigerian SMEs

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The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says the bank will increase its development finance interventions to further support start-ups and Small and Medium Enterprises (SMEs) in the country.

Emefiele made the pledge while delivering the 51st Convocation Lecture of the University of Lagos, Akoka, on Monday in Lagos.

The News Agency of Nigeria (NAN) reports that the lecture has  “National Development and Knowledge Economy in the Digital Age: Leapfrogging SMEs in the 21st Century”, as its topic.

The CBN governor said that increased access to finance for start-ups and SMEs was highly essential for the nation’s economy to grow.

He advised that special consideration should be given to the strengthening of physical and ICT infrastructure, to enable SMEs perform more efficiently and become globally competitive.

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