Islamic Equity Financing and The Growth of MSMEs in Nigeria - Shefi'u Badamasi
The Small and Medium Enterprises are the bedrock of industrial development in any nation. The SMEs provide veritable means of generating employment, providing economic opportunities and promoting sustainable economic development.
The growth of MSME with effective and strategic empowerment schemes and support initiatives can help to reduce poverty which as at 2020 in Nigeria is over 40% of the population (Which means 82m Nigerians are living in extremely poor conditions, according to the National Bureau of Statistics figures).
This edition of Islamic Finance Weekly anchored by Bukola Akinyele-Yisau features Mr. Shefi'u Badamasi the founder of Islamic Crescent Cooperative Society Limited, Abuja who provides insight on how Islamic equity based finance can be adopted to support MSME growth and development in Nigeria.