The high cost of borrowing in Nigeria impedes the growth of SME's, particularly in agriculture.

----- READ ON EUROMONEY - See the last part of the article for the Alluvial focus -----

'Africa comes under renewed pressure to promote its local bond markets'

Wesley Davis, Alluvial's co-founder, says the local bond markets are not an option for most businesses in Nigeria. For a business like Alluvial, which has its operations and revenues in naira, borrowing in dollars is a risk, even if the cost of funding is lower than it would be from naira-denominated sources.


Need more details?
A 1 Itung Ibil, Ogoja Local Government Area Cross River State, Nigeria | | Tel: +234 805 5509 800 

© 2019 Alluvial | Website by ANEMADIGITAL

We grow food, we grow people.