The United Nations Sustainable Development Goals, Financial Inclusion Agenda and the Efficacy of Security Interest over Movable Assets: The Case of Micro, Small and Medium Enterprises in Nigeria

Abstract

Access to credit facility by the micro, small and medium enterprises (MSMEs) in the developing countries remains a mirage without a functional, inclusive and efficient system of credit and security. The realisation of the sustainable development goals for rapid growth and economic development in those countries depends on a viable and effective financial inclusion agenda as encapsulated in one of the targets of Goal Number 9 of the United Nations Sustainable Development Goals (SDGs). As an enabler of many of the developmental goals of the UN, the financial inclusion agenda provides the link with sustainable development. This article interrogates how security over movable assets will meet the reasonable expectations of the MSMEs in Nigeria and actualise consistent funding of growing businesses.