Lagos Chamber of Commerce and Industry. Credit: BusinessDay
The Lagos Chamber of Commerce and Industry, in collaboration with NASD Plc, has hosted a stakeholders’ forum in a bid to expose Small and Medium Enterprises to alternative sources of medium- and long-term financing 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.
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, the Managing Director of NASD Plc, Eguarekhide Longe, said Nigerian businesses required greater access to growth capital, while investors needed more opportunities to deploy funds.
