Naira Depreciation Has Reduced Value Of Tinubu’s Loan To MSMEs By 50%

The Senior Economist and Partner at SPM Professionals Ltd., Paul Alaje, has said that the value of the Federal Government’s N1m loan to 100,000 Micro, Small and Medium Enterprises (MSMEs) has been eroded by naira depreciation.

Alaje said this while responding to questions about the right funding that MSMEs would need in order to create employment and improve foreign exchange through small-scale exports.