Monday, May 17African Business News
Shadow

Tag: Bola Ajomale

How SMEs can attract huge private equity investment’

How SMEs can attract huge private equity investment’

Business
Participants at the Small and Medium Enterprises (SMEs) Finance Series Webinar, organised by the Nigerian Stock Exchange (NSE), in Lagos, weekend, have underscored the need to adopt strategies that would enable operators develop their business models and attract private equity investment. The stakeholders, who bemoaned the comatose state of the Nigerian SMEs sector, especially with the ongoing COVID-19 crisis, submitted that if nothing was done urgently to revitalise this market segment, the rate of unemployment would worsen in the next few years. Speaking on the theme: ‘Private Equity: A Bridge or Albatross? Role of the Capital Market,” they maintained that given the sector’s contribution to the gross domestic product (GDP), there is a need to attract huge investment into the sector a...