Micro, Small, and Medium Enterprises (MSMEs) in Nigeria are facing significant financing challenges, persisting even amidst ongoing economic reforms. The Alternative Bank highlighted these issues during the 47th Kaduna International Trade Fair, pointing to major structural barriers such as reliance on cash transactions, delayed payments, and inadequate credit histories that hinder access to funding for these businesses. The bank's concerns illustrate the broader struggles within the MSME sector, which plays a crucial role in Nigeria's economy by contributing to job creation and economic diversification.

At the trade fair, the Alternative Bank showcased its commitment to supporting MSMEs by deploying over 300 free Point-of-Sale terminals to facilitate transactions for businesses in the trade, retail, and service sectors. The presence of these terminals aims to enhance financial inclusiveness and ease of business operations for small enterprises. Furthermore, Garba Mohammed, the Executive Director of Commercial and Institutional Banking, emphasized that practical interventions are necessary to provide MSMEs with the resources and tools they need to thrive in a challenging economic climate.

The participation of the bank in the trade fair also underscores the importance of collaboration between financial institutions, government, and business communities as they seek to address the funding gaps facing small businesses. Engaging with stakeholders such as the Kaduna Chamber of Commerce, Industry, Mines, and Agriculture, indicates a collective effort towards creating an environment conducive for MSMEs to operate efficiently and ensure sustainable growth in Nigeria's evolving economy.