Islamic finance supports weakened Nigerian SMEs
![Islamic finance supports weakened Nigerian SMEs](https://africa-on-air.com/wp-content/uploads/2022/07/RESILIENCE-DES-PME-NIGERIANNES-3-768x440.webp)
Nigeria has 40 million SMEs that employ 80% of the population and contribute to 50% of the country's growth. The Islamic Corporation for the Development of the Private Sector is the private sector subsidiary of the Islamic Development Bank, which implements a partnership strategy with local banks to enable SMEs to find suitable financing.