Vice President Kashim Shettima has called for increased support from commercial banks and government-owned development finance institutions (DFIs) to bolster government interventions for Micro, Small, and Medium Enterprises (MSMEs). During a courtesy visit to the Presidential Villa, the Vice President emphasized the crucial role played by DFIs in the growth of the MSME sector and sought their cooperation in achieving the agenda of the administration.
Acknowledging the potential for job creation, particularly in the digital realm, Vice President Shettima highlighted the importance of collaboration and synergy between the government and financial institutions. He stressed the need for quick wins in the administration’s first 100 days and expressed readiness to work closely with the DFIs to seize opportunities and generate employment for the youth.
The Chief Executive Officers of Bank of Industry (BOI), Development Bank of Nigeria (DBN), NEXIM Bank, Access Bank, and Wema Bank, namely Kayode Pitan, Tony Okpanachi, Abba Bello, Roosevelt Ogbonna, and Moruf Oseni, respectively, affirmed their commitment to the growth of the MSME sector. They shared insights into their institutions’ past interventions in the MSME space and pledged their support for the current administration’s programs.
The call for increased collaboration and support from financial institutions underscores the government’s determination to promote the growth and development of MSMEs, which play a crucial role in driving economic progress and job creation in Nigeria.
