Lack of data, absence of business plan and corporate governance are denying operators of the micro, small and medium enterprises (MSMEs) access to finance, experts have said.

The experts, however, agree that there is need to strengthen the capacity of operators of businesses in this category, adding that unless certain steps are taken to push MSMEs in Africa’s largest economy, the challenge of unemployment may linger.

Folahunmi Aina, special assistant to Yemi Kale, statistician-general of the National Bureau of Statistics (NBS), said many operators do not have adequate data about the business they do, stressing that no bank will be willing to invest in any business it is not sure of its numbers.