BII and FCMB Launch $50m Credit Facility for MSMEs in Northern Nigeria

British International Investment (BII) and First City Monument Bank (FCMB) have announced a $50 million credit facility to boost Micro, Small, and Medium Enterprises (MSMEs) in Northern Nigeria. The initiative aims to drive economic growth and inclusivity, with 70% of the facility dedicated to financing MSMEs in the historically underserved region.

The remaining 30% will empower women-owned businesses nationwide. The partnership between BII and FCMB seeks to deepen financial access for underserved groups and create pathways for long-term economic participation.

The move aligns with commitments to support MSMEs and women-led businesses, creating job opportunities and accelerating prosperity.