Economy and Politics: FG Revised Policy on MSMEs Should Lead to Strategic Interventions
This edition of the Economy and Politics show features Mr. Seye Olurotimi, Founder, MSME Africa as he speaks on the "FG Revised Policy on MSMEs In Nigeria".
He described the new classification as apt and laudable which is now translated to Nano/Homestead, Micro, Small, Medium and Large Enterprises.
Mr. Olurotimi emphasized the need for strategic interventions that should impact mainly the Nano/Homestead and Micro-enterprises that constitute over 90% of the ecosystem.
He tasked the micro-finance banks on the need to refocus their portfolio and increase lending to the Nano/Homestead enterprises (N1-N3m turnover), who are the critical thrust of the informal sector that needs to be integrated into the economy.