Banks’ refusal to give loans to small business owners are part of the reason there is unemployment in Nigeria – Smart Adeyemi

  • Senator Smart Adeyemi, representing Kogi West.

Senator Adeyemi pointed out that financial institutions refuse to give loans to small businesses to thrive and as a result, they crumble.
However, the senator said that this is not the case with politicians when they go to banks in search of financial facilities. He said:
“They refused to give faculty to small scale industry but when they see you as a politician, Nigerian banks are easily available to you.”
“I was in my house, more than four different banks came to me and were telling me to fill forms and take money, just because I am back to the Senate.
“These are people I spoke to some months back to appeal to them to give me facility to run my business but they were not forthcoming.”

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