By the time the Central Bank of Nigeria (CBN) concludes on arrangements on the Secured Transaction and National Collateral Registry, the challenge faced by Small and Medium Enterprises (SMEs) in terms of access to funds will be a thing of the past. The Secured Transaction and National Collateral Registry will facilitate the use of movable assets as collateral for either business or consumer credit. This will substantially enhance access to credit through the diversification of the scope of eligible assets for collateral purposes.