Decision of the Central Bank of Nigeria (CBN) to House financial reform (the governmen products structural adjustments programs (SAP), 1986) is a welcome development, given the fact that two decades after the start, subsector is to achieve optimal potency.
Kingsley Moghalu, CBN, Deputy Governor for financial system stability, said at a recent international workshop on finance companies operating in Nigeria, which is close to the reform should make the companies that make use of the resources of the banking system and other sources of funding, to meet the needs of SMES, which are in line with the financial landscape appears illustrated in 2020 financial system stability.
Moghalu, acknowleged that subsector has experienced some of the challenges that come from an unfavorable business environment, but added that some operators have responded to the challenge by venturing into other areas of financing the purchase of lease, the LPO asset management and investment, among others.