Monetary providers key to empowering MSMEs, says Moniepoint MD

The Managing Director, Moniepoint MFB, Babatunde Olofin has emphasised the important function of Micro, Small, and Medium-sized Enterprises the world over.

Talking on this yr’s World MSME Day, Olofin mentioned monetary providers are key to empowering Micro, Small, and Medium-sized Enterprises the world over.

He highlighted the significance of assist from governments, monetary establishments, and customers, stating that companions like Moniepoint are important in creating an surroundings that enables MSMEs to take a position, commerce, and thrive in each native and international markets, leveraging developmental advantages.

In an announcement despatched to PUNCH On-line on Sunday, Moniepoint MD mentioned, “We acknowledge that MSMEs are the lifeblood of the Nigerian economic system. Thousands and thousands of individuals rely upon them every single day for meals, each day requirements, and sustenance. For companies throughout Nigeria, we have now only one promise—we’re all the time going to be right here to make you cheerful. As we have fun this yr’s World MSME Day, we should acknowledge the arduous work, dedication, and perseverance of MSMEs. They drive financial stability and sustainable growth, serving to to eradicate poverty and enhance the standard of life for Nigerians.

“MSMEs are important for creating native jobs and empowering girls, youth, individuals with disabilities, and different weak teams. Celebrating MSME Day acknowledges that these brokers of innovation, progress, and sustainability maintain the potential to unlock important pathways for accelerating SDG progress globally.

“On a day like this, we should renew our dedication to affix arms—companies of presidency, personal sector operators, and all stakeholders—to proceed supporting MSMEs by means of insurance policies, funding, and capacity-building initiatives. By empowering MSMEs, we pave the best way for a extra sustainable, inclusive, and affluent future for all, particularly the approaching generations”, Olofin mentioned.

From financial downturns to international crises, MSMEs have proven outstanding resilience and adaptableness, driving financial progress and growth throughout borders.

Moniepoint MFB, Africa’s fastest-growing monetary establishment in line with the Monetary Instances, has reaffirmed its dedication to offering unparalleled assist for MSMEs.

This effort, in line with Olofin, goals to boost its capability to realize the Sustainable Improvement Targets whereas selling innovation, creativity, and sustainable enterprise practices nationwide.

Olofin mentioned, “The United Nations stories that MSMEs account for over 90 per cent of companies and 60-70 per cent of employment worldwide, contributing to 50 per cent of world GDP.

These enterprises are important for the worldwide economic system and maintain livelihoods, notably among the many working poor, youth, girls, and employees in weak conditions.”