Manufacturers Encouraged to Embrace Vendor Financing

At a press conference marking the 10th anniversary of Sage-Grey Finance Limited, Managing Director Temitope Runsewe urged manufacturers to incorporate vendor financing into their business strategies to improve productivity and growth. He emphasized the importance of long-term planning for manufacturers.

Runsewe announced the establishment of a $10 million circular economy impact fund in partnership with the Dutch Consulate, aimed at supporting projects related to recycling and clean energy in Nigeria, particularly focusing on small and medium enterprises (SMEs). He described sustainable finance as crucial for business growth and revealed plans for Sage-Grey Finance to list on the Nigeria Stock Exchange to access more capital domestically.

The firm aims to convert into a commercial bank to offer additional services and reduce operational costs. Runsewe highlighted the company's diverse interests in financial services, technology, investment management, energy services, and manufacturing.