I have been doing a lot of reading and research lately on some interesting trends that will likely reshape the Nigerian economic landscape in 2022 and what I can advise is for the Nigerian SMEs to please take seriously the non-oil sector.
It’s quite interesting to note that the non-oil sector was a major driver of the strong economic growth in Nigeria in Q2 2021 as stated by the Minister of Finance and Budget Planning – Zainab Ahmed.
This trend is likely to continue as several financial institutions are investing heavily in this sector.There’s likely something they’ve seen that we haven’t seen. For Instance, @fidelitybankplc’s unparalleled support for Non-Oil Export Businesses in Nigeria has been outstanding.
.@fidelitybankplc has invested and created some financing solutions that have positively impacted the economy. These solutions include the Agric Project Finance, Input Finance for Primary Production, Produce Aggregation Finance, Equipment Finance, Distributor Finance, and…
Flexible collateral arrangements (up to 75% credit risk guarantee). There’s something about this sector worth exploring this year. The most beautiful part of it is that exploring this space as an SME somehow opens you up to several funding and capacity-building opportunities.
.@fidelitybankplc for one does a lot of training for businesses in this space. In 2019, they were awarded 2nd position in Sustainable Agriculture Transactions of the year. This is highly commendable!
Take a look at this sector, and most importantly, look out for @fidelitybankplc for opportunities you can explore. This year, we must win! Fidelity Bank is there For You!
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