Business development firm, KilSah Consulting has given about N2 million grants to six small business owners in Nigeria in order to curb unemployment in Nigeria by making businesses the employers of labour.
The grant is aimed at bridging the funding gap that inhibits the growth and production capacity of small businesses in Nigeria.
Speaking at the 2022 Small Business Luncheon/Grant Award in Lagos recently, Elfreda Sheriff, founder of Kilsah Consulting, said the organisation has discovered that most small businesses lack access to the finance that would aid their growth.
“The idea is to give small businesses access to finance because finance is the top obstacle that affects the growth of small businesses in Nigeria. Most especially, women entrepreneurs face more obstacles when trying to access finance whether it is through the traditional loan method or any other method. The whole idea is to be a full-fledged small business support firm where we provide them access to finance, training, mentoring and access to the market,” Sheriff said.
The beneficiaries expressed appreciation to KilSah for the training and the financial grant, which they said would encourage them to work hard in growing their businesses.
About KilSah Consulting
KilSah Consulting is an international development firm that specializes in providing advisory, policy research, and business support services for Micro, Small and Medium Enterprises (MSMEs) in Africa. We work with governments, development agencies, and non-profits, to develop and implement initiatives that promote MSMEs development.
