Experts Underscore Role of Financial Services in Funding MSMEs
ASABA/Nigeria: Stakeholders have hinged access to finance as the ability of individuals or enterprises to obtain financial services, including credit, deposit and other risk management services.
The assertion was made yesterday during the third edition of the COVID-19 recovery webinar series tagged “Accessing Finance to Improve your Business during the COVID-19 Era” organized by the Delta State Micro, Small and Medium Enterprises Development Agency.
The stakeholders included Dr. Kingsley Emu, Economic Adviser to the Governor of Delta State, Mrs. Stella Okotete, Executive Director, Business Development, NEXIM BANK and Mr. Jerry Osagie, Head, Credit Management, Digital Finance, Marketing and Sales, NIRSAL MFB.
They advised MSMEs to do comprehensive research before starting off with a business venture, adding that this would help them to know the cost implication and at the same time know where to get the funds.
While emphasizing the need for business owner, to always as a rule, give detailed correct information about their businesses whenever they are filling forms from financial institutions, they stressed that any mistake could militate against them getting the necessary assistance.
The Executive Secretary of the Agency, Hon. Orezi Esievo, who moderated the session, commended the State Governor, Senator Ifeanyi Okowa for being MSMEs friendly and assured the governor that MSMEs in the state would attain greater height in the scheme of things.
Some participants at the webinar session appreciated the speakers for their presentations and promised to do their due diligence in the running of their businesses.
