Nigeria - 2014 - Finance

Micro, Small and Medium Enterprises Development Fund (MSMEDF) Guidelines (Revised – August, 2014)

Ministry of Finance, Budget and National Planning, Nigeria

In pursuant of promoting a sound financial system in Nigeria, The Central Bank of Nigeria launched the micro, small and medium enterprises development fund (MSMEDF) on August 15, 2013. This was in recognition of the significant contributions of the micro, small and medium enterprises (MSME) sub-sector to the economy. The broad objective of This fund is to channel low-interest funds to the MSME sub-sector of the economy to enhance access by MSMEs to financial services, increase productivity and output of microenterprises, increase employment and create wealth and engender inclusive growth.

Process Flow

Development Finance Department

Office of the CBN Governor

Federal Executive Council

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Micro, Small and Medium Enterprises Development Fund (MSMEDF) Guidelines (Revised – August, 2014) Current Version

January 2022

In pursuant of promoting a sound financial system in Nigeria, The Central Bank of Nigeria launched the micro, small and medium enterprises development fund (MSMEDF) on August 15, 2013. This was in recognition of the significant contributions of the micro, small and medium enterprises (MSME) sub-sector to the economy. The broad objective of This fund is to channel low-interest funds to the MSME sub-sector of the economy to enhance access by MSMEs to financial services, increase productivity and output of microenterprises, increase employment and create wealth and engender inclusive growth.

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