Smes Get Just 0.5 Of Banks' Credit In 10 Years

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smes get just 05 of banks credit in 10 years

...As banks lend N1trn to SMEs out of N199trn

Small and medium-scale enterprises SMEs have received only 0.51 percent of total banks credit to the private sector over a 10-year period, available data has shown, underscoring severe financing constraints facing Nigerias biggest source of jobs.

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