British International Investment, FCMB support MSMEs in Northern Nigeria with $50m credit facility - Businessday NG

▤ Summary

British International Investment and FCMB have announced a $50 million credit facility for Nigerian MSMEs. The program will direct 70 percent of the funding to businesses in northern Nigeria and 30 percent to women-owned businesses nationwide. It aims to close the financing gap for small businesses in agriculture, trade, and manufacturing while also supporting internal capacity-building and market-opportunity assessments. The deal strengthens FCMB's ability to lend and expands access to capital in underserved regions.

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