In a bid to expose Small and Medium Enterprises (SMEs) to alternative sources of medium- and long-term financing, the Lagos Chamber of Commerce and Industry (LCCI), in collaboration with NASD Plc, hosted a stakeholders’ forum in Lagos.
The forum, themed “Financing Growth: Propelling the Real Sector Through the Capital Market,” brought together entrepreneurs, regulators, and other stakeholders to discuss strategies for improving SMEs’ access to capital market funding.
The forum urged SME promoters to strengthen transparency, accountability, and corporate governance practices to attract investors and improve their chances of securing capital market funding.
Participants identified key requirements for attracting investment, including a clear business model, a well-defined growth strategy, sound corporate governance, audited financial statements, and transparent cash flow records.
Speaking at the event, Longe Eguarekhide, Managing Director, NASD Plc said Nigerian businesses require greater access to growth capital, while investors need more opportunities to deploy funds.
