The initiative could mobilize nearly $1.89 billion in private financing for more than 250,000 Nigerian small businesses but entrepreneurs must prepare to access the opportunities. Nigeria’s small and medium sized enterprises (SMEs) may be heading towards a significant financing opportunity as the World Bank Group moves to mobilize up to US$5.79 billion in private financing
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Beyond Access to Finance: How MSMEs Can Build Credit-Ready Businesses The conversation around Micro, Small and Medium Enterprises (MSMEs) and access to finance often begins with one question: Where can businesses find the money they need to grow? But there is another question that deserves equal attention: Is the business ready to receive, manage and
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How OPay and PalmPay Built Businesses Big Enough for the Public Markets – and What SMEs Can Copy Picasso had a saying: “good artists copy, great artists steal”, and we have always been shameless about stealing great ideas. – Walter Isaacson, on Steve Jobs Before you close this page to go report us: relax. Nobody
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Low-Interest Financing: A Nigerian SME’s Guide to Cheap Money in 2026 With Nigeria’s benchmark interest rate held at 26.5% and commercial bank loans still costing SMEs between 29% and 36% a year, access to affordable credit remains one of the biggest constraints on small business growth. Yet several concessionary financing windows remain open and underused:
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Beyond the Loan: Why Lagos State ₦10 Billion SMEs Scheme Could Redefine Small Business Financing in Nigeria For decades, the single most persistent obstacle facing Micro, Small, and Medium Enterprises (MSMEs) in Nigeria has not been a lack of entrepreneurial vision, but a lack of affordable, structured capital. High commercial lending rates, stringent physical collateral
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