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

British International Investment (BII) and First City Monument Bank (FCMB) have collaborated to offer a $50 million credit facility to aid Micro, Small, and Medium Enterprises (MSMEs) in Northern Nigeria. The initiative aims to drive economic growth, empower women entrepreneurs, and bridge the funding gap in underserved regions.

Yemisi Edun, the Managing Director of FCMB, highlighted the importance of financial inclusivity and capacity building for sustainable economic development, particularly in Northern Nigeria.