Why monetary, fiscal policies should promote MSMEs growth – NESG

The Nigerian Economic Summit Group (NESG) says monetary and fiscal authorities should explore policies that will promote growth of Micro Small and Medium Enterprises (MSMEs). In a statement yesterday by Ayanyinka Ayanlowo, acting head, Strategic Communication & Advocacy at the NESG noted that MSMEs are the backbone of every economy, hence the need for policies […]

The Nigerian Economic Summit Group (NESG) says monetary and fiscal authorities should explore policies that will promote growth of Micro Small and Medium Enterprises (MSMEs).

In a statement yesterday by Ayanyinka Ayanlowo, acting head, Strategic Communication & Advocacy at the NESG noted that MSMEs are the backbone of every economy, hence the need for policies that will promote and not stunt their growth. 

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It added that under the 30th Economic Summit Conference theme, “Collaborative Action for Growth, Competitiveness, and Stability,” the summit aims to provide actionable insights into the future direction of Nigeria’s economy and its role on the African continent.

“Panel discussions will explore the need for comprehensive fiscal reforms to rebuild fiscal buffers, optimize revenue generation, and address debt management in the wake of the COVID-19 pandemic. As countries confront mounting debts and fiscal challenges, the discussion will focus on strategies to maintain fiscal prudence and ensure long-term economic security.”