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Nigerian Entrepreneurs: Is It Better to Get Access to Capital?
The interest rate that you're talking about in the lack of credit is here in the States, not in Nigeria. So in Nigeria, it's even more complex. And Nigeria is harder to get access to capital. In some cases, when I was growing up, at least, right? getting access to capital could be a derivative of your father's last name. Right? Who do you know? Then that's how they give you leverage. It still happens here in the United States, but you have this thing called the credit score that can make it a little bit more objective. But the credit score fundamental leaves certain population behind because it doesn't take into account if you're an immigrant and