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CBN Pledges More Financial Interventions To SMEs.

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the bank will increase its development finance interventions to further support start-ups and small and medium enterprises in the country.

Emefiele spoke while delivering the 51st convocation lecture of the University of Lagos, on Monday, with the topic, ‘National development and knowledge economy in the digital age: Leapfrogging SMEs in the 21st century’.

According to him, increased access to finance for start-ups and SMEs is highly essential for the nation’s economy to grow.

He said special consideration should be given to the strengthening of physical and ICT infrastructure to enable SMEs to perform more efficiently and become globally competitive.

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