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In its commitment to upskill and improve Small and Medium Scale Enterprises (SMEs), Stanbic IBTC Bank, in partnership with the FATE foundation, has trained 2000 SMEs in Nigeria.
The
training of SMEs is in line with the financial institution’s mandate of driving
business growth and building capacities to create successful enterprises in the
country.
Nnaemeka Obasi, Head, Enterprise Banking (SME)
Stanbic IBTC Bank, stated that the organisation created the SME
Capacity Building Program to support business owners across Nigeria. SMEs are
regarded as the engine rooms of economies as well as important catalysts in a
nation’s development.
He
said: “At Stanbic IBTC, we recognise the importance of SMEs to the nation’s
economy. The Stanbic IBTC SME Capacity Building Program is aimed at equipping
SMEs with the skills and competencies to build sound and viable businesses,
improve their capacity to access available credit, and enhance their ability
for efficient funds utilisation.”
“The
program was created to educate various business owners across various sectors.
Each course had 10 modules, and each module had video lessons, graded quizzes,
and downloadable workbooks,” Nnaemeka added.
The
Head, Enterprise Banking (SME) Stanbic IBTC Bank, noted that the
capacity-building sessions were designed to enlighten and empower the
entrepreneurs.
Nnaemeka
Obasi, Head, Enterprise Banking (SME) Stanbic IBTC Bank, stated that the
financial institution implemented the capacity building program for individuals
through online training and advisory sessions to enable business growth in the
SME sector.
According
to him: “SMEs are recognised as the main engine for growth and development
because of their significant contributions to the nation’s gross domestic
product (GDP). It is not in doubt that many developed countries who enjoy a
growing and booming economy today, attribute most of their achievements to a
flourishing SME sector.”
“Due
to their numerous numbers, size and nature of operations, the role of SMEs in
promoting indigenous sources of growth and creating viable businesses for
accelerated economic expansion and development cannot be overlooked. We have
demonstrated our commitment to SMEs by training and upskilling them in their
various business fields. We are confident that these capacity sessions will
give their businesses a significant boost in the years to come,” Nnaemeka said.
To
learn more about our drive to support SMEs, kindly click here.
The
bank also hosted the 2022 Stanbic IBTC Africa China Trade Expo, a two-day
hybrid conference and exhibition themed: ‘Synergy for Growth’. This event was
put together to promote synergies between the Africa-China trade community with
a unique focus on export. The conference featured seasoned professionals and
experts from the Nigerian Export Promotion Council (NEPC), the Chinese
consulate and Standard Bank. Other exhibitors that featured at the event
include Zeenab Export Nigeria Limited and Zhejiang International Trading Supply
Chain Company (Guomao). Another highlight of the event was the display of
exporters from Nigeria and China at the virtual exhibition.
Download
our Events app and watch a replay of our recently concluded event here.
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