The Federal Government has launched the YOUTHCRED for Entrepreneurs initiative, targeting 500,000 young entrepreneurs with loans ranging from ₦200,000 to ₦2 million to support business growth and improve access to finance. Speaking at the launch in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the programme is designed to bridge the financing gap for young…
The Lagos Chamber of Commerce and Industry (LCCI) has expressed deep concern over the repeated national grid collapses, stating that they pose a significant threat to manufacturers, micro, small, and medium enterprises (MSMEs), and the broader Nigerian business environment. Dr. Chinyere Almona, Director-General of LCCI, in a statement, highlighted the serious consequences of the second…
The World Bank has approved a $500 million financing package aimed at expanding access to finance for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria, a sector widely regarded as the backbone of the country’s economy. According to a statement released on Friday, the funding will be provided under the Fostering Inclusive Finance (FINCLUDE) project…
