NIPC Inaugurates Centre for Financial Assessment Of MSMEs

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The Nigerian Investment Promotion Commission has inaugurated a centre for the financial appraisal of Micro, Small and Medium Enterprises by local and foreign investors.

The facility, which is described as the “Centre of Excellence,” is equipped with a software that will assist Nigerian entrepreneurs in presenting bankable projects for better access to financing.

Speaking at the unveiling of the centre in Abuja on Monday, the Executive Secretary, NIPC, Ms Yewande Sadiku, said the project was carried out in collaboration with the United Nations Industrial Development Organisation.

She stated that UNIDO offered technical assistance to the NIPC by conducting training for 21 members of staff of the commission on how to effectively use the Comfar Lite interface software installed at the centre.

Sadiku explained that the software would allow fast appraisal of investment project proposals before moving to full-fledged feasibility analyses.

Sadiku added, “Instead of telling investors that we have lots of opportunities in Nigeria, we can actually share with them a profile of those opportunities and a brief description from a financial perspective of the profile of the business.”