Nigeria: Some Nigerians Marry More Wives, Others Disappear After Taking MSME Loans

Nigeria: Some Nigerians Marry More Wives, Others Disappear After Taking MSME Loans

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has disclosed that Nigerians don't like repaying loans, accusing entrepreneurs of diverting loans for Micro, Small, and Medium Enterprises (MSMEs) into personal use such as buying cars and marrying of more wives.

Some Nigerians Marry More Wives, Others Disappear After Taking MSME Loans

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has disclosed that Nigerians don’t like repaying loans, accusing entrepreneurs of diverting loans for Micro, Small, and Medium Enterprises (MSMEs) into personal use such as buying cars and marrying of more wives. The director-general of SMEDAN, Mr Charles Odii, disclosed this at the People’s Roundtable Conference on Thursday. Odii, who was represented by the deputy director …