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Stanbic IBTC Bank facilitates capacity building initiative for SMEs

As part of efforts to build a strong and viable small and medium scale enterprises sector, Stanbic IBTC Bank has organized a capacity building workshop for its clients operating in the Small and Medium Scale Enterprises (s) sub-sector. The two-day seminar, which held in Lagos on February 11-12, attracted over 400 participants.

The key objective of the workshop, according to the bank, is to equip SME operators with financial, marketing and management skills that they can readily deploy to transform their businesses and grow their bottomlines.

“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,” Executive Director, Personal and Business Banking, Stanbic IBTC Bank, Obinnia Abajue, said.

Abajue, who was represented by the Head of Business Banking, Stanbic IBTC 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.

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


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