Stanbic Equips SMEs With Business Support Initiatives

As part of efforts to build a strong and viable small and medium scale enterprises sector, Stanbic IBTC Bank, has equipped the Small and Medium Scale Enterprises (SMEs) sub-sector the financial, marketing and management skills that they can readily deploy to transform their businesses and grow their bottomlines.

The workshop, which was held in Lagos, attracted over 400 participants. The executive director, Personal and Business Banking, Stanbic IBTC Bank, Obinnia Abajue, said, “The SME sector is pivotal to the economic growth and development of any nation and Nigeria is no exception, which is why the seminar was conceived to avail SME operators 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”.

Abajue, who was represented by the head of Business Banking of the bank, Lloyd Onaghinon, 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.

According to Abajue, the course content and the resource persons, who are highly skilled and experienced, have been carefully chosen to ensure participants derive maximum benefits from the seminar.

“We have streamlined the seminar course content to include essential topics such as: Building Financial Records, Achieving Success in Marketing, Business Planning, and People Management, among others”.

Chief executive officer, West Atlantic Resource & Equity House Limited, Adegboyega Adebajo, who made presentations on ‘Economic Outlook for 2015 and Business Planning’, noted that developments in the global economy, notably those emanating from America, Europe and emerging Asia, impact on the local economy, with small and medium enterprises also affected.

Source : Leadership

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