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SMEs leverage $10bn credit line from US firm

A financial consulting firm, King Solomon Capital Empire, has said it is set to assist them secure alternative funding solutions outside the local banks, this is In a bid to ease indigenous entrepreneurs access to funds in the country.

Speaking recently ahead of an impending business finance seminar billed for Lagos on Saturday, the Chief Executive of King Solomon Capital Empire, Wilson Christson, said the firm would help entrepreneurs and financial institutions with consultancy services on how to access loans and financial instruments to the tune of $1 million to $10 billion.

Christson said, “local banks do not have enough cash flow to fund redundant projects littered across the country,” pointing out that, “Nigerian banks, governments, entrepreneurs, importers and exporters should not have any issue raising funds to execute any kind of project.”

Speaking on the seminar being organised by the firm tagged, “Africa Business Opportunity Seminar”, which he said is a means to achieving the target, Christson said, “this is aimed at increasing business and investment opportunities in Nigeria and Africa at large, and also to provide for business owners, alternative funding solutions outside the local banks. Our aim also is to ensure that businesses we fund succeed.”

While acknowledging that Nigeria provides the highest return on investment than any other country in the world, the US-based businessman and financial analyst said, “for the seminar, we are expecting bankers, business owners, financial institutions, project owners, among others.

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Haruna Magaji: Haruna Magaji is a journalist, foreign policy expert and closet musician. He is a graduate of ABU Zaria and a member of the Nigerian union of journalists. JSA, as he is fondly called, resides in Suleja, Abuja. email him at - harunamagaji@financialwatchngr.com
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