SMEDAN to Float Microfinance Bank to Ease Lennding to MSMEs

Says new policy framework underway
By James Emejo
The Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Umar Dikko Radda, Thursday said efforts were ongoing by the agency to establish its own microfinance bank (MFB) to cater for financial needs of Micro Small and Medium Enterprises (MSMEs) in the country.
He also disclosed that a new MSMEs policy had been finalised and currently awaiting the approval of the Federal Executive Council (FEC).
Speaking at a forum for industry correspondents in Abuja, he explained that the proposed SMEDAN MFB will “enable the Nigerian MSMEs have direct access to credit with very simplified and modern means of achieving that.”

Related Keywords

Nigeria ,Abuja ,Abuja Federal Capital Territory ,Umar Dikko Radda ,James Emejo ,Dikko Umaru Radda ,Investment For The Federal Executive Council ,Medium Enterprises Development Agency Of Nigeria ,Banker Committee ,Medium Enterprises Msmes ,Central Bank ,Ministry Of Industry ,Director General ,Medium Enterprises Development Agency ,Dikko Umaru ,Micro Small ,Medium Enterprises ,Federal Executive Council ,Federal Ministry ,நைஜீரியா ,கூட்டாட்சியின் மூலதனம் பிரதேசம் ,முதலீடு க்கு தி கூட்டாட்சியின் நிர்வாகி சபை ,வங்கியாளர் குழு ,மைய வங்கி ,அமைச்சகம் ஆஃப் தொழில் ,இயக்குனர் ஜநரல் ,மைக்ரோ சிறிய ,நடுத்தர நிறுவனங்கள் ,கூட்டாட்சியின் நிர்வாகி சபை ,கூட்டாட்சியின் அமைச்சகம் ,