Overview of the ‘Accessing Business Finance’ Seminar

The Problem

Many companies especially MSMEs face a number of special challenges in their quest for survival and growth in Nigeria. Their biggest constraints to growth are a lack of access to finance, poor infrastructure and difficulty in getting machines/spare parts/raw materials and skills and training. Access to credit does however consistently top the list. In a survey conducted in 2009, it was estimated that less than 10% of SMEs have a loan with a bank, whereas a World Bank report highlights that only 3% of working capital and 2% of fixed assets are financed by banks. The situation is worse for the smallest firms, with 59% of small firms reporting difficulties in accessing finance, 35% of medium firms and only 11% of the larger firms facing difficulties. Micro firms were not separated from small firms in the survey, but the nature of micro firms suggests that their problem would be even more acute than those of small firms

Surprisingly, as at December 2016 total bank credit to the private sector was almost N22 trillion which was an increase over the N18.7 trillion credit issued at the same time in 2015.This means many companies were able to get more bank credit even with the tight credit squeeze arising from the TSA policy and reduced government spending in 2016. Nigeria and South Africa are the preferred destinations for fundraising and investment for private equity in Africa. From 2007 to 2015, 311 private equity deals were reported in West Africa, with a total of US$6.1billion capital invested. Notably, Nigeria accounted for 67% of deal value (US$4,087,000,000) and for 140 deals in this period

Unlike other parts of the continent the private equity investor appetite for Nigerian investments continues to grow, particularly across the services, industrial, consumer goods and real estate sectors. There is also an emerging trend of secondary investments, particularly in the financial services sector. In the last decade, the private equity sector in Nigeria has grown from about three main players with about US$75 million under management, to ten or more indigenous players with about US$2 billion under management, 15 international funds and about 30 new funds under formation.

So what did the companies that attracted this funding know and do better than the companies who find it impossible to get bank credit or any type of funding?

The ‘Accessing Business Finance’ Seminar Objectives

On Thursday 16th November 2017, we will reveal the secrets of accessing business finance including loans and private equity and also present fund providers who have funds and are willing to lend and invest in the right business.

Specifically the seminar participant will achieve the following objectives:

Learn:
• The best type of finance that fits the funding purpose
• The secrets of getting business finance
• The type of documentation required by fund providers
• How to get the documentation required

Meet:
• Private equity providers including venture capital firms, Development Banks and Business support providers

Target Audience

This seminar is for decision makers of SMEs and large companies who are seeking funding for expansion or diversification in the services, heavy or light manufacturing or all products and value added agricultural products and service sectors. If you want to be sure your business size meets the seminar target audience criteria confirm from our blog post by clicking here.

Seminar Fee: N10,000 per participant until 2nd November 2017 then N30,000 thereafter
Date: Thursday 16th November 2017
Time: 9am to 3pm
Venue: To be confirmed

Course materials and lunch will be available at the seminar.

Pay to:
Bank: FCMB Plc
Account name: Highnet Resources Ltd
Account number: 333 640 2028

Click here for Seminar Registration Form

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