Bridging Nigeria’s MSME Finance Gap with Systemic Solutions

Micro, small, and medium enterprises (MSMEs) drive growth but remain underserved by formal finance despite rising capital. At a recent SDG Investment Fair panel, leaders from global and Nigerian institutions explored why a $5.7 trillion gap persists. In Nigeria, financial inclusion stands at 74%, yet many MSMEs lack collateral, credit histories, or structured operations. Speakers agreed the hurdle is not only capital but misaligned systems. Enterprises in the “missing middle” need flexible products, trust-based engagement, and tailored credit scoring alongside digital solutions. Experts highlighted how community-driven models, financial literacy, and adaptive frameworks can unlock jobs and resilience. When finance systems reflect real business dynamics, MSMEs can scale sustainably.

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