Unlocking $5.79 Billion in private financing: The World Bank Group Is leading the charge for Private Capital Mobilization in Nigeria - World Bank Group
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Giving small businesses the capital to grow
The Fostering Inclusive Finance for MSMEs in Nigeria program (FINCLUDE) is designed to expand the availability and quality of finance for more than 250,000 micro, small, and medium enterprises in job-intensive sectors, with 30 percent of financing targeted to women-led businesses. A $500 million package from the International Bank for Reconstruction and Development and the International Development Association combines financing and risk-sharing tools to encourage financial institutions and other investors to provide additional capital to underserved firms. The program is expected to mobilize nearly $1.89 billion in private financing and support an estimated 850,000 direct and indirect jobs.
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