80% of Nigerian MSMEs still locked out of formal credit–NCGC

Nigeria’s micro, small, and medium enterprises (MSMEs) are still largely shut out from formal lending channels, with an estimated 80% lacking access to credit due to stringent collateral requirements and lenders’ aversion to risk. This alarming statistic was revealed at the inaugural Stakeholders’ Engagement Forum hosted by the National Credit Guarantee Company (NCGC) in Lagos [...]The post 80% of Nigerian MSMEs still locked out of formal credit–NCGC appeared first on National Daily Newspaper.

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