FirstBank partners NBCC to drive MSME growth

Businessman hand touching SME(or Small and Medium Enterprise) sign on virtual screen - commercial & business concept

First Bank of Nigeria Limited has partnered the Nigerian-British Chamber of Commerce to jointly host a Micro, Small and Medium Enterprises workshop to focus on the fundamentals of building a sustainable business.

According to a statement by the lender on Sunday, the two-day workshop holding this week in Lagos is designed to boost participants’ capacity and create value for the MSMEs, given the pivotal role they play in modern economies in the areas of job creation and significant contribution to the Gross Domestic Product.

The lender said it had, over the years, emphasised the fact that Africa’s economies could not move forward if MSMEs and budding entrepreneurs were continuously starved of the right knowledge and skills set to grow their businesses.

The statement read in part, “As a nation builder, the bank is intensifying support for the MSMEs through a number of initiatives geared towards raising their level of competitiveness in a challenging business environment.

“Key areas of discourse at the workshop will include financial windows available to the MSMEs and how to access them, strategy development and implementation for small businesses, sustainability opportunities for small businesses, and financial management for growing businesses, among others.”

The lender said it would also provide facilitators from senior members of staff proficient in the business of the MSMEs to proffer practical solutions on business growth and development.

The Deputy Managing Director, FirstBank, Mr. Gbenga Shobo, was quoted as saying, “The SME market segment is one of FirstBank’s strategic platforms to stimulate economic development and we would continue to support activities geared towards the sustainable development of the segment.”