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.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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