By Busola Bamidele
The Securities and Exchange Commission (SEC) is partnering with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to boost SMEs’ access to market-based financing.
Emomotimi Agama, SEC DG, disclosed this during a meeting in Abuja, noting that SMEs make up over 90% of Nigeria’s businesses but face major hurdles accessing affordable, long-term funds.
He said SEC, through its Office of the SME-Based Assets (OSBA), is driving initiatives to connect SMEs with capital market funding options.
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Agama revealed plans to co-host a National SME Capital Market Summit with SMEDAN later this year and deliver training on governance, compliance, and financing instruments.
SMEDAN DG, Charles Odii, described the collaboration as a game-changer that would reshape SME financing in Nigeria.
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