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Emefiele Addresses Constraints to SME Growth

Emefiele Addresses Constraints to SME Growth


The 2015 retreat of the Bankers' Committee commenced at the Eko Hotel and Suites in Victoria Island, Lagos Thursday, December 10, 2015. The two-day retreat which is the 7th in the series has the theme 'Creating an Enabling Environment for SME Growth'.


Speaking at the opening ceremony of the retreat, the Governor of the Central Bank of Nigeria, Godwin Emefiele said it will focus on strategies to address current constraints to the growth of SMEs, while providing actionable steps that will be taken in order to drive their productivity and growth.


Emefiele, who is also the Chairman of the Bankers' Committee added that the retreat will also focus on key enablers for SME growth such as power and transportation, while identifying opportunities in the agricultural, manufacturing and solid mineral sectors.


Emefiele Addresses Constraints to SME Growth


Present at the opening ceremony were the executive Governor of Lagos State, Mr. Akinwunmi Ambode; the Minister of Finance, Mrs. Kemi Adeosun; and the Minister of Transportation, Hon. Chibuike Rotimi Amaechi. Also present were Deputy Governors and Directors of the Central Bank of Nigeria as well as Managing Directors and Chief Executive Officers of deposit money banks, among many others.


Also expected to make presentations at the retreat are the Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola; the Minister of Agriculture, Chief Audu Ogbeh; and the Minister of Solid Minerals, Dr. Kayode Fayemi.


Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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