Financial Expert Makes Case For SMEs

The  Managing Director of  Treasure Microfinance Bank, Lagos Mr Tunde Ayeye, has advised male entrepreneurs to make small and medium-scale businesses more vibrant by showing more commitment.

Ayeye told newsmen in Lagos that “the motive behind his advice is to motivate men to be more committed to their businesses than before”.

He expressed regret that some Nigerian men often showed apathy to investments even when they had the funds and preferred white-collar jobs.

“But you will see a Nigerian woman who, even after closing from her white collar job, still goes back to open her shop,” he added.

Ayeye said that figures from the banking sector and the micro finance banking sub-sector had shown that more than 70 per cent of loans were given to women entrepreneurs.

“I believe this is due to the commitment and diligence which women have displayed in the businesses they have done so far.

“If men display such commitment, the total productivity of the economy will be doubled and invariably, open up job opportunities,” he said