Enabling Policy, Clusters, Niche Markets Key To Boosting MSME Growth In Nigeria - Ayo Bankole Akintujoye
An Enabling policy environment that supports the entire MSME value chain from Micro to Medium enterprises, purpose built Industrial cluster and the focus on Niche Market, will boost the growth of businesses in Nigeria. Mr Ayo Bankole-Akintujoye disclosed this as a guest on the 26th edition of the Economy and Politics show which focused on "Post COVID 19: Increasing Funding and Rethinking Business Models for MSMEs in Nigeria".
According to him a lot has to be done from the end from the Fiscal, Trade and Monetary policy levels to support MSMEs in Nigeria, while States like Lagos, Ekiti, Akwa Ibom and Private sector players like the Tony Elumelu Foundation, Fate Foundation amongst others, should consider increasing grants to the enterprises. He also believed that this was the time for the MSMEs to leverage technology to scale their businesses.