LCCI and NASD urge SMEs to explore capital market funding options
The Lagos Chamber of Commerce and Industry and NASD Plc have organized a forum to help Small and Medium Enterprises discover new ways to access funding through the capital market. The event brought together entrepreneurs, regulators, and stakeholders to discuss strategies for improving SME financing. Key industry leaders emphasized the importance of good business practices and transparency for attracting investment. The forum encouraged SMEs to leverage capital market opportunities for sustainable growth.
TLDR
- Eguarekhide Longe, Managing Director of NASD Plc, highlighted the need for more financing options for businesses and more opportunities for investors.
- The forum aimed to increase SME awareness of capital market funding and foster strategic partnerships.
- Oludare Fajimolu of NASD Plc outlined benefits of the Over-the-Counter Exchange, such as multiple capital-raising solutions and improved market visibility.
- Dr Chinyere Almona of LCCI stressed the need for patient capital and the chamber's commitment to supporting SME financing.
- Participants were urged to improve transparency, accountability, and corporate governance to attract investors and secure funding.
