Nigeria: ILO Seeks New Strategies for SMEs to Access Loans

18 October 2017

International Labour Organisation, ILO, has called on policy-makers to look into ways to make it easier for small and medium enterprises, SMEs, to access such external funding.

The labour organisation said enterprises using bank loans as a significant share of their working capital tend to have higher wages and productivity, and lower unit costs, but lamented that SMEs often cannot obtain or afford such financing.

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