{"id":10723,"date":"2026-11-06T07:16:05","date_gmt":"2026-11-06T07:16:05","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/06\/cibn-seeks-msme-hubs-to-close-nigerias-business-financing-gap-businessday-ng\/"},"modified":"2026-11-06T07:16:05","modified_gmt":"2026-11-06T07:16:05","slug":"cibn-seeks-msme-hubs-to-close-nigerias-business-financing-gap-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/06\/cibn-seeks-msme-hubs-to-close-nigerias-business-financing-gap-businessday-ng\/","title":{"rendered":"CIBN seeks MSME hubs to close Nigeria’s business financing gap – Businessday NG"},"content":{"rendered":"

The Chartered Institute of Bankers of Nigeria (CIBN) is advocating the establishment of Micro, Small and Medium-sized Enterprises (MSME) hubs across the country to improve access to finance, strengthen business capacity and accelerate the growth of small businesses.\n<\/p>\n

The proposed hubs will provide entrepreneurs with access to financing, business support services, capacity development, digital tools and market opportunities, as the institute seeks to address structural constraints limiting the ability of small businesses to access funding and expand operations.\n<\/p>\n

Dele Alabi, president and chairman of council, CIBN, announced the initiative at the institute\u2019s 2026 Fellowship Investiture held on Saturday, October 31, 2026, in Lagos.\n<\/p>\n

He said the institute would also host its MSME Forum on December 1, 2026, to advance practical solutions for expanding access to finance and accelerating enterprise growth.\n<\/p>\n

The initiative comes as concerns mount over the gap between the increased capital available to Nigerian banks following the recapitalisation exercise and the limited financing reaching productive businesses.<\/p>\n

Alabi said the banking industry had mobilised N4.65 trillion in fresh capital, with 33 banks meeting the new capital requirements, providing a stronger foundation for financing economic growth.\n<\/p>\n

However, he stressed that the success of recapitalisation should be measured by its impact on the real economy, particularly its ability to support businesses, expand industries, improve infrastructure and generate sustainable employment.\n<\/p>\n

The financing challenges facing businesses were also highlighted by Tayo Aduloju, chief executive officer of the Nigerian Economic Summit Group (NESG), who delivered the keynote address at the event.\n<\/p>\n

Aduloju identified high lending costs, liquidity constraints, credit risks, short financing tenors and competition between government borrowing and private-sector financing as structural barriers limiting credit to productive businesses.\n<\/p>\n

He noted that Nigeria\u2019s private-sector credit stood at 13 percent of gross domestic product in 2025, compared with 38.1 percent in lower-middle-income economies, highlighting the country\u2019s relatively shallow credit market.<\/p>\n

To address the constraints, he advocated an integrated industrial financing framework involving commercial banks, pension funds, insurance companies, development finance institutions, capital markets and credit guarantee institutions.\n<\/p>\n

He also recommended stronger specialist lending capabilities among banks, longer-tenor financing, risk-sharing arrangements and credit guarantees to improve access to funding.\n<\/p>\n

Other proposed measures include greater use of digital cash-flow data and movable assets in credit assessment, as well as financing partnerships across industrial value chains.\n<\/p>\n

Lagos State Governor Babajide Sanwo-Olu also called for stronger collaboration among government, financial institutions and private investors to ensure that increased bank capital translates into productive investment.\n<\/p>\n

He identified opportunities around the Lekki Deep Sea Port, industrial activities along the Lekki corridor, rail and road infrastructure and the opportunities created by the Lagos State Electricity Law.<\/p>\n

Sanwo-Olu stressed that stronger bank capital must be supported by sound corporate governance, responsible lending, transparency and professional competence.\n<\/p>\n

The CIBN\u2019s proposed MSME hubs and forum reflect the institute\u2019s broader efforts to strengthen the contribution of the financial sector to economic development.\n<\/p>\n

Alabi said the strength of a financial system depended not only on its capital base but also on the quality of its people, reaffirming the institute\u2019s commitment to developing competent, ethical and forward-looking banking professionals.\n<\/p>\n

The 2026 Fellowship Investiture recognised 755 individuals, comprising 18 Honorary Fellows, 460 Elected Fellows and 277 Honorary Senior Members, for their contributions across banking, government, business and other sectors of the economy.\n<\/p>\n

The institute said its wider advocacy and professional development initiatives were aimed at promoting a banking industry capable of financing productive enterprises, supporting industrial development and creating opportunities for Nigerians.<\/p>\n

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\n\t\t\t\t\t\t\tHope Moses-Ashike<\/a><\/strong><\/p>\n

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria\u2019s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
\n
\nShe also covers major international events and periodically travels to Washington, D.C., to report on the World Bank\/IMF Spring and Annual Meetings.
\nHer dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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Source: <\/p>\n

Businessday NG<\/div>\n","protected":false},"excerpt":{"rendered":"

The Chartered Institute of Bankers of Nigeria (CIBN) is advocating the establishment of Micro, Small and Medium-sized Enterprises (MSME) hubs across the country to improve access to finance, strengthen business… <\/p>\n","protected":false},"author":1,"featured_media":10724,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/10723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=10723"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/10723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/10724"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=10723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=10723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=10723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}