Nigerian SMEs seek capital

BUSINESS

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Image: Demola Aladekomo . By NCS
Demola Aladekomo

Nigeria’s small and medium-sized ICT firms are facing growing competition and challenges in securing funding, says the NCS.

During a visit to Nigeria’s Stock Exchange by delegates from the Nigeria Computer Society (NCS), NCS President Demola Aladekomo said SMEs in the ICT sector were faced with declining economic fortunes.

He said competition from foreign brands and difficulty accessing venture capital were growing challenges in the sector.

NSE CEO Oscar Onyema noted that the NSE’s alternative board, the Alternative Securities Market (ASeM), made it easier for smaller enterprises to come to market to access capital. He added that the NSE also offers value-added services to help companies realise full value from their listing on the bourse.



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