The Central Bank of Nigeria (CBN) has said that it will increase its development finance interventions to further support start-ups and Small and Medium Enterprises (SMEs) in the country.
This was disclosed by the CBN Governor, Mr Godwin Emefiele at the 51st Convocation Lecture of the University of Lagos, Akoka, on Monday in Lagos.
Emefiele said that increased access to finance for start-ups and SMEs was highly essential for the nation’s economy to grow.
According to him, special consideration should be given to the strengthening of physical and ICT infrastructure, to enable SMEs perform more efficiently and become globally competitive.