Emefiele made the pledge while delivering the 51st Convocation Lecture of the University of Lagos, Akoka, on Monday in Lagos. The CBN governor said that increased access to finance for start-ups and SMEs was highly essential for the nation’s economy to grow. “I urge government and the private sector to provide more support in addressing the challenges of SMEs in the country. He said that attention had been paid to advancing knowledge and innovation through various initiatives targeted at promoting youths’ entrepreneurship, research and development. The CBN initiatives include the SME Credit Guarantee Scheme (SMECGS); Micro, Small and Medium Enterprises Development Fund (MSMEDF); and Youth Entrepreneurship Development Programme (YEDP).

Source: The Guardian July 05, 2021 20:26 UTC