Sovereign Bond Backed Composite Notes (SBCNs) can serve as a catalyst to accelerate Nigeria’s funding-starved small and medium enterprises (SMEs) and quicken economic growth, according to DLM Capital Group.
The Lagos-based financial advisory firm said SBCNs, if strategically channeled, could unlock opportunities for SMEs, allowing firms within this category to scale, create jobs, and drive consumer demand that fuels broader economic growth.
“SMEs, often starved of capital, can now expand operations, hire and train talent, and innovate. Increased consumer income translates into higher spending, supporting businesses in various sectors of the economy,” DLM Capital said in a statement.
