INVESTJIGAWA HOSTS INFORMATION SESSION ON ACCESS TO CREDIT

On 4^th November 2024, InvestJigawa organised an information session aimed at improving access to credit for micro, small, and medium enterprises (MSMEs). The event saw a strong turnout from community leaders, representatives of the Dutse Emirate, and key figures from various financial institutions. The session gave businesses a clearer understanding of available credit resources, including funding options through the Central Bank of Nigeria (CBN). Additionally, it facilitated direct engagement with major commercial banks, as well as Bank of Industry, Nigerian Agricultural Insurance Cooperation and Corporate Affairs Commission.

Highlights of the event were discussions of the CBN’s Agricultural Credit Guarantee Scheme and the Memorandum of Understanding between the Jigawa state government and Bank of Industry, both of which offer valuable opportunities for MSMEs seeking financial support. The National Collateral Registry was also discussed, offering businesses a platform to register assets as collateral, from machinery to equipment, thereby increasing their chances of securing credit.

The session also covered the National Financial Inclusion Strategy, an initiative aimed at reducing the number of financially excluded individuals. With the state’s financial inclusion rate steadily improving, InvestJigawa remains dedicated to promoting economic growth.

Thank you to all participants for contributing to this impactful event. Stay tuned for more updates on future sessions and resources to support our business community!