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Friday, April 17, 2020 / 07:02 PM / NASD Plc /
Header Image Credit: Businesstimeng
Post COVID-19 Pandemic - Funding For MSME: The NASD Enterprise Portal (NASDeP)
Micro, small and medium sized
enterprises are the majors drivers of economies globally, and as such should
command a significant amount of attention and resources from governments
globally.
Developed countries across the
world have realized the importance of MSMEs within the economy and have
actively taken steps to ameliorate the impact of shocks such as a global
pandemic on these essential growth drivers.
Historically, financing has been
identified as a major challenge for MSMEs - especially in developing countries,
even more so in times of economic uncertainty. It is no secret that MSMEs find
it a lot harder to keep their businesses afloat compared to larger sized
companies.
In view of this reality, the USA is
taking steps to secure an additional $250bn to complement $350bn already
budgeted as relief funds for MSMEs. Nigeria, however, is currently seeking
approximately $7bn from the International Monetary Fund, World Bank and The
African Development Bank to support the economy according to Zainab Ahmed,
Finance Minister.
In the event of a successful fund
raise from the above listed multilateral agencies, it is evident that $7bn
would be insufficient to cater adequately to the needs of Nigeria and its MSMEs
thereby creating the need for alternative funding solutions for MSMEs. One of
such is the NASD Enterprise Portal (NASDeP) which we launched in 2018 to cater
to high growth private enterprises.
NASDeP is an information repository
which provides a platform for high growth MSMEs to access capital from private
equity investors seeking investment opportunities. Transactions on NASDeP are
seamless with an array of accredited due diligence professionals registered on
the platform to handhold enterprises through the process.
At NASD we remain committed to
facilitating growth within the Nigerian economy by addressing the funding
deficit within the MSME sector. We believe that NASDeP would be ultimately
beneficial to MSME's especially during this period and beyond. For further
information on the NASD Enterprise Portal (NASDeP) kindly contact us on our
help line or via email:
Market Activities - Week 16
Market Summary
The NASD OTC Security Index (NSI) and
Market Capitalisation closed the trading week on Friday, April
17 2020, with no movement in Market capitalisation and NSI
against preceding Thursday, April 09 2020. The NSI and Market
capitalisation closed the week at 698.22 points and N512.89 billion
respectively.
Trade
Summary
Market
in Numbers (Year-to-Date)
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