The Nigerian Economic Summit Group (NESG), in partnership with the Federal Ministry of Budget and Economic Planning, has stressed that Micro, Small and Medium Enterprises (MSMEs) are vital for inclusive growth, job creation, and poverty reduction. At… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader NESG pushes state-led reforms to boost MSME growth By Enitan Ajebukola Ajewumi on August 29, 2025 The Nigerian Economic Summit Group (NESG), in partnership with the Federal Ministry of Budget and Economic Planning, has stressed that Micro, Small and Medium Enterprises (MSMEs) are vital for inclusive growth, job creation, and poverty reduction. At a virtual Pre-Summit Dialogue on "Driving State-led Reforms for MSME Growth," experts highlighted successful initiatives from Lagos, Enugu, and Plateau States. These included Lagos' affordable loans at 9% interest with high repayment rates, Enugu's data-driven grant access, and Plateau's focus on MSMEs as a job creation strategy. Read also, NESG pushes state-led reforms to boost MSME growth The Currency of Consistency: why showing up beats showing off South-West commission pledges innovation driven economy Be the person people trust in a crisis NASENI pushes made-in-Nigeria campaign to boost SMEs, local manufacturing Speakers identified four priorities to strengthen MSMEs: affordable finance with financial literacy, reliable data for policy, reduced regulatory barriers, and stronger local value chains through skills and digital adoption. The NESG emphasised that scaling these reforms across states will unlock MSMEs' full potential and drive Nigeria's development.

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