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The pandemic is causing many businesses, small and big to fall behind. For the second quarter of 2020, some are hoping to apply strategic growth plans and businesses would normally need capital to achieve such growth plans. This happens to be a reasonable time for SMEs in Nigeria to leverage the capital market if they are challenged by capital.
How SMEs in Nigeria can leverage on the capital market now
In finance, leverage is a common practice to build financial assets and access capital. If used correctly, an SME could see high rates of yield it would likely not realise without leverage. The NSE platform facilitates appropriate deployment of capital and organisation so that business can experience sound returns.
The NSE Growth Board allows for SMEs to enlist to find the right capital and from local investors. The growth board will ultimately facilitate small business expansion.
This does not guarantee that outcome will be positive. Leverages also become riskier with higher amounts. The interest rate burden could be high depending on that leverage debt which could pose some insecurities to SMEs and its shareholders.
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