Michael Oladejo has highlighted that the challenges faced by Nigerian banks in lending to small and medium-sized enterprises (SMEs) are not primarily due to the significance of SMEs in the economy, but rather a misallocation of banking resources. The persistent discussion around this issue indicates that mainstream credit continues to be inadequately directed towards SMEs, which are crucial for economic growth and job creation. This ongoing situation reflects a broader systemic issue within the banking sector that needs to be addressed to enhance financial support for SMEs in Nigeria.
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