Why you can not get loans from banks and other financial institutions in Nigeria

The reason you can't access loans from banks and other financial institutions isn't far fetched. No bank would give out funds to a company without the following

- A proper accounting & business structure.
- A well written and articulated business plan & financial projection.
- An audited financial statement.

An unpleasant history of tax default. Being a tax defaulter increases the probability of loan default.

Think about it...
 
Back
Top