The World Bank and the African Development Bank (AfDB) have successfully connected over 50 million people to electricity through their Mission 300 initiative, which spans 40 African countries. This effort aims to accelerate electricity access across the continent.

The NCGC and SMEDAN have signed a Memorandum of Understanding (MoU) aimed at enhancing access to affordable loans and financing for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This partnership is expected to contribute to economic growth and job creation in the country.

Jaiz Bank is planning to introduce collateral-free loans for small and medium-sized enterprises (SMEs) and retail customers, pending approval from the Central Bank of Nigeria (CBN). This initiative is aimed at enhancing financial inclusion.

Fidson Healthcare Plc has praised the Bank of Industry (BoI) for its provision of concessionary financing that has aided the growth of pharmaceutical manufacturing in Nigeria. This recognition came after a visit by delegations from the European Investment Bank (EIB) and BoI to Fidson's manufacturing facility in Sango-Ota, Ogun State.

WeLight, Africa’s largest solar mini-grid operator, has secured $31 million to support its expansion efforts in Nigeria. The funding aims to enhance electricity access in some of the continent's most underserved communities.

Discussions about small and medium-sized enterprises (SMEs) in Nigeria have traditionally centered on access to finance. However, according to Nairametrics, funding alone is insufficient for driving the next phase of SME growth. Entrepreneurs are confronted with challenges such as high operational costs, evolving customer preferences, rapid technological advancements, and increased competition, indicating a need for a broader approach beyond just financial support.