The Federal Government said it will fast track the establishment of vibrant and efficient venture and equity capital organisations that will help provide cheap funds for Micro, Small and Medium Enterprises across the country.
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The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said this during the Launch of the National Enterprise Development Programme (NEDEP) and inauguration of the Ogun State Council on MSMEs in Abeokuta.
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The programme, which was organised by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), in partnership with the Ogun State government, is in line with the provisions o
of the Nigerian Industrial Revolution Plan.
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Aganga said, "We want to build a new sector called Venture Capital and private equity sector to support small and growing businesses in Nigeria.