ECOWAS Launches $50M SME Growth Fund to Boost Key Sectors in Nigeria
The ECOWAS Bank for Investment and Development (EBID) has launched a $50 million SME Growth Fund to empower Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This initiative, in partnership with key financial institutions, will channel long-term funding into high-impact sectors:
• Agriculture
• Renewable Energy
• Infrastructure
• Manufacturing
• Health
• Education
• Transportation
This initiative is designed to address access to affordable, long-term capital for Nigerian SMEs. The fund aims to back innovation and entrepreneurship, create jobs, promote industrial growth, and foster inclusive economic development.
Stay tuned to EBID and partner financial institutions for application guidelines.
For more information: https://ecowas.int
