The International Monetary Fund (IMF) and International Finance Corporation (IFC) have praised President Bola Tinubu's economic reforms, urging the government to sustain policies that drive stability while tackling challenges that affect small and medium enterprises (SMEs).
At the Invest Nigeria EXPO 2025 organised by the Lagos Chamber of Commerce and Industry, IMF's Dr. Christian Ebeke said inflation is slowing, the FX market is more stable, and businesses now have better access to dollars.
However, he warned that credit remains skewed to oil and gas, starving SMEs in agriculture and manufacturing of funding. He also stressed that insecurity and poor electricity continue to limit small business growth.
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IFC's Christian Mulamula highlighted opportunities for SMEs in ICT, agriculture, renewable energy, and pharmaceuticals, noting that digital expansion alone could create over 200,000 jobs.
LCCI President Gabriel Idahosa said the EXPO is designed to unlock new opportunities for SMEs across key sectors.
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