These developments have facilitated the transfer and redistribution of risks across the financial system, thus increasing its efficiency and potentially its resilience to shocks.
However, there also exist supply-side issues such as high transaction costs and lack of understanding by the banks of the nature and operations of MSMEs Other constraints plaguing the MSME sub-sector in Nigeria include infrastructure deficit (especially, power and transport),  BIS central bankers’ speeches  1  policy inconsistencies, bureaucracy, multiple taxation and levies, weak intellectual property protection and contract enforcement, and insecurity.