Politics

Financial companies key to empowering MSMEs, says Moniepoint MD

The Managing Director, Moniepoint MFB, Babatunde Olofin has emphasised the crucial function of Micro, Small, and Medium-sized Enterprises the world over.
in driving sustainable and affluent futures.

Speaking on this 12 months’s World MSME Day, Olofin stated monetary companies are key to empowering Micro, Small, and Medium-sized Enterprises the world over.

He highlighted the significance of assist from governments, monetary establishments, and shoppers, stating that companions like Moniepoint are important in creating an atmosphere that enables MSMEs to take a position, commerce, and thrive in each native and world markets, leveraging developmental advantages.

In a press release despatched to PUNCH Online on Sunday, Moniepoint MD stated, “We acknowledge that MSMEs are the lifeblood of the Nigerian economic system. Millions of individuals rely upon them each day for meals, day by day requirements, and sustenance. For companies throughout Nigeria, we’ve only one promise—we’re all the time going to be right here to make you cheerful. As we have fun this 12 months’s World MSME Day, we should acknowledge the exhausting work, dedication, and perseverance of MSMEs. They drive financial stability and sustainable growth, serving to to eradicate poverty and enhance the standard of life for Nigerians.

“MSMEs are important for creating native jobs and empowering girls, youth, individuals with disabilities, and different weak teams. Celebrating MSME Day acknowledges that these brokers of innovation, development, and sustainability maintain the potential to unlock crucial pathways for accelerating SDG progress globally.

“On a day like this, we must renew our commitment to join hands—agencies of government, private sector operators, and all stakeholders—to continue supporting MSMEs through policies, funding, and capacity-building initiatives. By empowering MSMEs, we pave the way for a more sustainable, inclusive, and prosperous future for all, especially the coming generations”, Olofin stated.

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From financial downturns to world crises, MSMEs have proven outstanding resilience and adaptableness, driving financial development and growth throughout borders.

Moniepoint MFB, Africa’s fastest-growing monetary establishment based on the Financial Times, has reaffirmed its dedication to offering unparalleled assist for MSMEs.

This effort, based on Olofin, goals to boost its capability to realize the Sustainable Development Goals whereas selling innovation, creativity, and sustainable enterprise practices nationwide.

Olofin stated, “The United Nations stories that MSMEs account for over 90 per cent of companies and 60-70 per cent of employment worldwide, contributing to 50 per cent of world GDP.

These enterprises are important for the worldwide economic system and maintain livelihoods, notably among the many working poor, youth, girls, and staff in weak conditions.”

 

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