Banks hold workshops on new SMEs funding initiative

The Bankers’ Committee, an umbrella body of senior officials of Central Bank of Nigeria (CBN) and chief executive officers of banks in Nigeria, is set to hold enlightenment workshops on its new funding initiative for Small and Medium Enterprises (SMEs) in Lagos, Kano, and Aba.

Recall that the Bankers’ Committee recently introduced ‘Funding Nigeria SMEs initiative’, a new initiative to enable SMEs in Nigeria to access loans to grow their businesses. The initiative is in line with the Federal Government’s commitment to grow the SME sub-sector.

In a statement, Mr. Bonaventure Okaimo of Unity Bank, one of the participating banks, said: “To create the necessary awareness, we are organizing a one-day public enlightenment workshop across three states of the federation on how SMEs can access funds, loans, and grants available in the Funding Nigeria SMEs initiative.

“This initiative, which is part of government’s economic diversification effort towards increased SME’s easy access to intervention funds, is aimed at growing small and medium scale businesses for effective contribution to the Nigerian economy.” Read more<<<<<