June 6, 2023 12:45 PM, a technology-leveraged supply chain financing platform, on Thursday rolled out the first-of-its-kind solution, with the mission to catalyse the growth of Nigeria’s supply chain financing market to NGN 12 trillion.
At the formal launch at Eko Hotel & Suites, Victoria Island, Lagos, Chief Executive Officer of Fiducia, Imohimi Aig-Imoukhuede said that the International Finance Corporation currently estimates the value of Nigeria’s existing supply chain financing sector at around NGN 3 trillion. If the country’s currently excluded SME supply chains could be brought into play, an additional NGN 9 trillion could be unlocked for Nigeria’s economy.
Aig-Imoukhuede disclosed that Fiducia was a game-changer for smaller businesses and mid-sized corporates, as they historically wasted resources on complex, time-consuming funding application processes that seldom delivered the desired results.