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Informal markets propel Nigeria’s community growth, economic dynamism — Financial firm

A Financial Service Firm, Crediometer has stated that the country’s informal markets propel its community growth and economic dynamism.

The Company’s Chief Technology Officer, Mr Rasheed Raji, who spoke to journalists on this, emphasized recognizing the crucial role of informal markets and aim to fuel entrepreneurial dreams within these vibrant spaces, adding that the company’s tailored financial solutions provide the necessary support for traders and artisans to not only survive but thrive.

According to him, Beyond their commercial role, informal markets serve as prolific employment reservoirs, offering opportunities for traders, artisans, and service providers.

Raji stated that the informal sector’s inherent flexibility becomes a catalyst for entrepreneurship, allowing individuals to transform innovative ideas into viable businesses without the bureaucratic constraints that characterize formal sectors.

“We recognize the crucial role of informal markets and aim to fuel entrepreneurial dreams within these vibrant spaces. Our tailored financial solutions provide the necessary support for traders and artisans to not only survive but thrive.”

“Beyond their commercial role, informal markets serve as prolific employment reservoirs, offering opportunities for traders, artisans, and service providers.

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“The informal sector’s inherent flexibility becomes a catalyst for entrepreneurship, allowing individuals to transform innovative ideas into viable businesses without the bureaucratic constraints that characterize formal sectors,” Raji stated.

Speaking also, Head of Legal Team, Miss Chiamaka Anyanwu noted that Crediometer acts as a bridge to financial inclusion within these markets, adding that their mission is to break down financial barriers.

She explained that through innovative approaches and leveraging technology, the company empowers those traditionally excluded from formal financial systems, ensuring that they have access to the resources needed for sustained growth.

Chiamaka concluded that Adaptability and resilience define informal markets in the face of economic fluctuations.

“Crediometer acts as a bridge to financial inclusion within these markets.

“Our mission is to break down financial barriers.

“Through innovative approaches and leveraging technology, we empower those traditionally excluded from formal financial systems, ensuring that they have access to the resources needed for sustained growth.”

“Adaptability and resilience define informal markets in the face of economic fluctuations.” She said.

NIGERIAN TRIBUNE

Segun Kasali

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