July 12, 2018

SMEs can drive, sustain economic growth — FCMB

FCMB acquires 96% of AIICO Pensions

By Peter Egwuatu

First City Monument Bank (FCMB) has emphasized that Small and Medium Scale Enterprises, SMEs, have the capacity to drive and sustain the economic growth of the country.


The bank disclosed this at a free training programme organized for SME owners and operators, in pursuit of its resolve to support and nurture SMEs to achieve growth and stability in business.

The event which held in Lagos was tagged, “Business Empowerment & Sustainability Training for SME Customers”.

Facilitators took participants through the intricacies of raising capital for business and getting businesses ready for loans as well as preparing them for other investors’ invitation in partnership.

Addressing the participating SME customers of the bank, Divisional Head, Corporate Services, FCMB, Felicia Obozuwa, said the bank recognised the role of entrepreneurs in the society and their capacity in driving growth and sustaining the economy.

“This is one of the ways we support the growth of our SME customers. We are conscious of the fact that many small businesses could have the dedication to succeed, but lack adequate training and experience to make the business thrive. This gap is capable of hindering operation and thereby limiting the achievement of targeted results.

“Business acumen and day to day operational skills are very essential for business owners particularly when venturing into new or sustaining already existing businesses. Our training programmes are specially packaged for the SMEs to establish solid foundations for growth, learn new skills, better serve their customers, and stay relevant to their niche,” she stated.

Obozuwa said FCMB has a number of special offerings designed for its customers with a lot of benefits to the SMEs segment of the business community.