INTERVIEW: How National Collateral Registry is checking non-performing loans, bad debts
Nigeria, Nov. 18 -- Apart from helping to provide micro, small and medium enterprises (MSMEs) access to credits from financial institutions, the Registrar of the National Collateral Registry, Mohammed Mainasara, says the agency could also bring an end to the high incidence of non-performing loans and bad debts in the country. He spoke recently with BUSINESS & ECONOMY EDITOR, BASSEY UDO in Abuja
Excerpts:
PT: One of the major challenges against financial inclusion among micro, small and medium enterprises (MSMEs) is the requirement by the banks for collateral as a condition for granting credits. How does the National Collateral Registry bridge this gap?
NCR: If you look at the financial sector prior to the establishment of the National ...
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