Sage Grey Finance and Bank of Industry Join Forces to Bridge MSME Funding Gap in Nigeria

… initiative delivers loans up to ₦5 million at 9% interest, plus business advisory support through the FGN MSMEs Fund

Sage Grey Finance Limited has announced a strategic partnership with the Bank of Industry (BOI) to expand affordable financing opportunities for Micro, Small, and Medium Enterprises (MSMEs) across Nigeria. Unveiled in Lagos, the collaboration is backed by the Federal Government’s MSMEs Fund and aims to support business growth, job creation, and inclusive economic development through tailored financial solutions.

The initiative provides qualifying MSMEs with access to loans of up to ₦5 million at a competitive annual interest rate of 9%, alongside access to expert advisory services. With an accelerated processing timeline of just five working days, the programme is designed to swiftly deliver capital and guidance to the businesses that need it most.

The partnership reflects Sage Grey Finance’s ongoing commitment to addressing Nigeria’s MSME financing gap, estimated at over $230 billion, and tackling the barriers that keep small businesses from accessing formal credit systems. According to recent reports by Stears and PwC, most of Nigeria’s 40 million MSMEs remain underserved, relying on informal and often unsustainable credit sources.

Mr. Jumo Atiba, Executive Director of Sage Grey Finance, highlighted the importance of the collaboration, stating: “We are proud to partner with the Bank of Industry in this significant initiative to support the MSME sector. At Sage Grey Finance, we recognize the critical role MSMEs play in national economic development, and we are committed to providing financing solutions that help businesses scale sustainably. This partnership reflects our shared vision to stimulate job creation, foster entrepreneurship, and unlock economic potential at the grassroots level.”

Sage Grey Finance has a proven track record of impactful partnerships. From co-developing a $200 million gas processing facility in collaboration with SPL Utorogu Limited, to supporting trauma-informed youth counselling through the Wisewalk Foundation, and advancing child health initiatives with the Balaah Hope Initiative, the firm continues to champion inclusive development.