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Since the launching of the microfinance policy in 2005 by the Central Bank of Nigeria, it has brought about change in the financial landscape in the country. Though with its challenges, hues and cries it is undoubtedly true that the application of the microfinance concept can really make a change in terms of supporting micro, small and medium enterprises.

A large number of un-served and under-served clients exist in the Nigerian MSME sub-sector. In order to address the funding requirements of this critical segment of the economy, Section 6.10 of the revised Microfinance Policy, Regulatory and Supervisory Framework for Nigeria stipulates that “a Microfinance Development Fund shall be set up, primarily to provide for the wholesale funding requirements of MFBs/MFIs”.

As the Apex of Microfinance Institutions in Nigeria, ANMFIN is expected to accept and apply change where and when necessary in order to be able to meet the daunting challenges posed to it by circumstantial exigencies that has to do with adequate representation of its members in accessing government and development partners support in improving their businesses. It is in this light that the recent change of the Executive Secretary of ANMFIN was greeted with positive schism by observers of financial institutions in the country.