Wednesday, April 30, 2025
30.3 C
Lagos

Stanbic IBTC to Empower MSMEs via Capacity Building Programs

Stanbic IBTC Bank Plc, a member of the Stanbic IBTC Holdings Plc, has restated its desire to support the micro, small and medium scale enterprises sector in Nigeria through capacity building and enabling platforms to connect sector players with new markets.

This the Bank hopes to achieve through its various programmes targeted at MSME in the country. To actualize this, the Bank conceptualised and commenced a capacity building programme for small and medium scale businesses a few years back. It also recently established Enterprise Direct, a platform that provides quick turnaround time for businesses as well as point them to new markets.

“The SME sector is pivotal to the economic growth and development of any nation and Nigeria is no exception. The capacity building training was conceived to avail SME operators’ the exposure to modern and innovative marketing, financial and management skills that are useful to their businesses and which will help them to attract the necessary funding for growth,” Executive Director, Business and Commercial Clients, Stanbic IBTC Bank, Remy Osuagwu, said.

The capacity building seminar which is open to all interested entrepreneurs across the country, is a yearly event that helps to equip participants drawn from the small and medium scale enterprises sector with financial, marketing and management skills that they can readily deploy to nurture and grow their businesses.

Remy stated that Stanbic IBTC Bank, backed by the rich heritage and know-how of the Standard Bank Group, is committed to building a strong SME base in Nigeria and one of the ways it hopes to achieve this is by empowering operators with the right business skills and adequate funding.

“Stanbic IBTC Bank has a rich pedigree of building capacity for SMEs and providing much-needed support in terms of funding, skills acquisition, and connection to new markets because we understand the important linkages provided by SMEs to industries and employment generation,” the Executive Director added.

One of such support was Stanbic IBTC’s partnership with the Kaduna State government to establish the Kaduna-Stanbic IBTC Entrepreneurship Centre (KADSEC). The centre, the Bank said, was in response to the needs and requirements of local entrepreneurs in the state, and serves as an incubator to nurture budding entrepreneurs and businesses to sustainable successes.

At the launch of the centre in Kaduna, Stanbic IBTC stated that the centre will provide services such as capacity building programmes for interested business owners, entrepreneurs, mentorship, on-site business management counselling, financial advisory, market development assistance, networking opportunities, provision of patronage linkages, export assistance, and easy access to loans from Stanbic IBTC Bank, among other benefits. Stanbic IBTC Enterprise Direct was another platform established by the Bank to provide quality and timely information for SMEs on new business practices, new business opportunities or new markets.

spot_img
spot_img
spot_img

Hot this week

emPLE Unveils BETA Life: A Three-in-One Endowment Plan for Smarter Savings and Protection

emPLE Life Assurance Limited has announced the launch of...

STI CEO, Soyinka, Lauds Nigerian Workers on May Day

As the world marks this year’s edition of Workers’...

NGX Group, Min of Industry, Trade and Investment, Collaborate to Advance Economic Transformation

Nigerian Exchange Group Plc (NGX Group) recently hosted the...

Inspenonline Summit to Stimulate Interest for Good Retirement

The 2025 Inspenonline Retirement Summit is aimed at stimulating...

Banks, Telecoms, Mobility Brands Dominate Q1 2025 Media Performance Charts

Following the Central Bank of Nigeria’s directive to harmonize...

Topics

Remita Partners MTN’s Yello Digital Financial Services to Deepen Financial Inclusion

Remita, a leading Africa-focused fintech brand, has partnered with...

NASENI, AFIT Strengthen Ties on AAVDI, Made-in-Nigeria Helicopter

L-R: Dr Bashir Gwandu, Executive Vice-Chairman and Chief Executive...

CAMCONIA Strategises for Increased Insurance Awareness in Nigeria

The Corporate Affairs Committee of the Nigerian Insurers Association...

Insurance Sector: N2.3tr Total Assets, N726bn Premium, N318bn Claims in Q4 2022

  The insurance market data released by the National Insurance...

Global Retirement Funds Rise to $18.1tr in 2017

Costa Rica: The No. 1 place to retire! The world's...

The Economist’s Nigeria Summit 2016 Set for March 7

The Economist magazine has concluded plans to hold the...

400m People Lack Access to Healthcare

A report by the World Health Organisation (WHO) and World Bank Group shows that 400 million people do not have access to essential health services while 6% of people in low- and middle-income countries are tipped into or pushed further into extreme poverty because of health spending. “This report is a wakeup call: It shows that we’re a long way from achieving universal health coverage. We must expand access to health and protect the poorest from health expenses that are causing them severe financial hardship,” says Dr. Tim Evans, Senior Director of Health, Nutrition and Population at the World Bank Group.

Richard Branson May Sell Virgin America

Billionaire businessman, Richard Branson is considering the possibility of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img