Mastercard, Entry Financial institution, and different key gamers in Nigeria’s monetary and expertise sectors emerged as huge winners on the Nairametrics MSME Finance Awards 2024, an occasion that celebrated excellent contributions to the expansion and growth of Micro, Small, and Medium Enterprises (MSMEs) throughout the nation.
Nairametrics had reported that MSMEs contribute considerably to Nigeria’s GDP and job creation, with roughly 48% of GDP and 80% of complete employment attributed to this sector, based on the Worldwide Labour Organisation (ILO).
Regardless of the lack of over three million companies in recent times, the contribution of MSMEs to employment rose by 3.5%. Establishments that assist the actions of those companies deserve recognition for his or her influence on financial growth.
The awards, break up into 18 classes, spotlight the efforts of economic service suppliers, banks, and fintech companies that provide tailor-made options to MSMEs.
The annual awards, hosted in collaboration with The Financial Discussion board Collection (EFS), honoured monetary establishments and organisations for his or her progressive options and dedication to addressing the distinctive wants of MSMEs.
Finalists have been chosen by a rigorous choice course of led by Nairalytics, the analysis and analytics division of Nairametrics, alongside the Editorial Advisory Board of Financial Discussion board Media Restricted.
Under is the entire record of winners throughout all classes:
Finest MSME Agri Finance
Finest MSME Commerce Finance
Finest in MSME Well being Insurance coverage
Finest MSME Insurance coverage Firm of the 12 months
Finest in MSME Partnership and Collaboration (CSR Initiative)
Finest in Cost Safety, Information Safety & Fraud Prevention
Finest in MSME Non-Curiosity Banking
Finest in MSME Finance for Ladies & Youth Entrepreneurship
Finest in MSME Monetary Inclusion (Non-Curiosity Banking)
Finest in MSME Monetary Inclusion (DFI)
Winner: BoI-ITC (BoI Funding & Belief Firm Ltd)Nigerian-Export-Import Financial institution (NEXIM)
Finest in MSME Monetary Inclusion (Micro Finance Financial institution)
Finest in MSME Monetary Inclusion (FinTech Card)
Finest in MSME Monetary Inclusion (Financial institution)
Nominees: Sterling Financial institution, FCMB
Finest in MSME Lending
Finest MSME Cost/Remittance Platform
MSME Cost Service Financial institution (PSB) of the 12 months
MSME FinTech Platform of the 12 months
MSME Microfinance Financial institution of the 12 months
MSME Financial institution of the 12 months
