The Bureau of Public Procurement (BPP) says the Federal Government’s affirmative procurement has increased participation of Small Medium Enterprises (SMEs) in public sector contracting. The Director-General of the Bureau, Dr Adedokun Adebowale, stated this at the 6th National Conference and Annual General Meeting of the Association of Public Procurement Practitioners of Nigeria (APPON), held at the…
The British Deputy High Commissioner in Lagos, Jonny Baxter says growing fintech collaboration between Nigeria and the UK is helping to address major challenges faced by small businesses. Baxter made the disclosure in an interview with the News Agency of Nigeria (NAN) in Lagos. “UK-Nigeria fintech partnerships are helping to address some of the most…
Amb Bianca Ojukwu, Nigeria’s Minister of State for Foreign Affairs, has called on small and medium-sized enterprises (SMEs) in the South-East to embrace the ECOWAS Trade Liberalisation Scheme (ETLS) as a tool to grow their businesses and compete in the wider West African market. Speaking at a sensitisation workshop in Enugu on Tuesday, Ojukwu said…
First Bank of Nigeria says it is deliberately targeting financing for small and mid-sized enterprises as part of efforts to strengthen Nigeria’s economy and foster inclusive growth. At the 31st Nigeria Economic Summit in Abuja, Managing Director Olusegun Alebiosu said the bank was focused on using digital solutions and tailored financial products to drive the…
Gov Babajide Sanwo-Olu of Lagos State has unveiled the Lagos State Access to Finance for SMEs through Cooperatives (LASMECO) to provide access to finance for Small and Medium Scale Enterprises (SMEs) and registered cooperative societies in the state. Sanwo-Olu unveiled the initiative at the Adeyemi Bero Auditorium, Alausa, Ikeja, on Wednesday in partnership with Bank…
The Lagos State Ministry of Commerce, Cooperatives, Trade and Investment is set to sign a Memorandum of Understanding (MoU) with the Bank of Industry (BoI) and Sterling Bank Plc to improve financial access for Small and Medium Enterprises (SMEs). The Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, said this in a statement…
