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Fidelity Bank restates commitment to development of SMEs

By Michael Eboh & Providence Obuh
Fidelity Bank Plc has reiterated its commitment to the development of Small and Medium Scale Enterprises (SME) in the country.

Speaking during the CTO 2010 exhibition and seminar, in Lagos, last week, Managing Director of the bank, Mr. Reginald Ihejiahi noted that its commitment to the development of the sector is borne out of its need to play a major role in the country’s quest for economic development.

He said that its sponsorship of the event over the last couple of years, is not necessarily as a result to grow its business, but as parts of its Corporate Social Responsibility (CSR) and also to help its customers in the Information and Telecommunication (IT) industry to grow their business.

He noted that the exhibition has grown bigger over the years because of the attraction and the major role it has played in the development of businesses and the IT sector of the country.

He noted that the focus of the CTO 2010 exhibition is on SMEs and is also designed to allow small industries showcase their products and potentials and also create a platform for networking and partnership between the SMEs and established organisations within and outside the shores of the country.

He said, “Our decision to host the CTO exhibitions and seminars over the years is not part of our plans to grow the businesses of the bank, but it is a part of our Corporate Social Responsibility and also in the interest of our customers in the IT sector, giving them an opportunity to grow their business.

“The event is an opportunity for businesses in Nigeria to show their partners from the United States of America (USA) what their products and services can do, this has accounted for the growth of the seminar over the years.
“This year, the focus is on SMEs, because of their importance to economic development.

The bank also used the opportunity to launch its Visa card, which, according to Ihejiahi, is designed for customers and individuals across the segments of the country.

He noted that the card which can be accepted in about 200 countries and regions across the globe and is compatible with about 50 international currencies, is targeted at ensuring that users of the card enjoy unrivaled convenience and safety.

He said that the card is designed for all segments of the society, irrespective of their social standing and is affordable with no extra cost to the holder.


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