‘How SMEs can raise finance’, The NationConference for Emerging Entrepreneurs
The Bank of Industry (BoI) has launched a comprehensive initiative to finance small and medium enterprises (SMEs) aimed at helping them realize their growth potential. The bank’s Group Head, Strategy and Corporate Transformation, Yinka Adegboye, made this known during the First Emerging Entrepreneurs Conference, ”jointly organized by the United States Consulate in Lagos and Field of Skills and Dreams (FSD). FSD’s Executive Director, Ms Omowale Ogunrinde, emphasized the importance of providing appropriate financing to medium-sized companies. She said this will increase their employment capacity and ensure stable growth. She said many would-be entrepreneurs lacked the advanced technical knowledge needed to get ahead—either by cultivating new products or adding value to traditional raw products. The US Consul-General in Lagos, Mr. John Bray, enjoined young Nigerian entrepreneurs to rededicate themselves to efficiently harnessing their entrepreneurial skills.