Seven Nigerian banks have collectively invested N257.1 billion in small and medium-scale enterprises (SMEs). The investments highlight the growing role of the SME sector in driving inclusive growth and job creation in Nigeria.
A BusinessDay review of the banks’ financial statements for H1 2025 and FY 2024 shows that the funds were deployed through the Agri-Business/Small and Medium Enterprises Equity Investment Scheme (AGSMEEIS) and the Small and Medium Enterprises Equity Investment Scheme (SMEEIS).
Stanbic IBTC Bank leads the group with
