SMEs get just 0.5% of banks’ credit in 10 years

…As banks lend N1trn to SMEs out of N199trn By Yinka Kolawole Small and medium-scale enterprises (SMEs) have received only 0.51 percent of total banks’ credit to the private sector over a 10-year period, available data has shown, underscoring severe financing constraints facing Nigeria’s biggest source of jobs. Analysis of the Central Bank of Nigeria (CBN) […] The post SMEs get just 0.5% of banks’ credit in 10 years appeared first on Vanguard News.