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Stanbic IBTC Partners FATE Foundation To Train 2000 SMEs In Nigeria

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Stanbic IBTC Bank has partnered with the FATE foundation to upskill 2000 Small and Medium Scale Enterprises (SMEs) in Nigeria.

According to the bank, the training of SMEs is in line with the financial institution’s mandate of driving business growth and building capacities to create successful enterprises in the country.

The Head, of Enterprise Banking (SME) Stanbic IBTC Bank, Nnaemeka Obasi, stated that the company created the SME Capacity Building Program to support business owners across Nigeria.

He said, “At Stanbic IBTC, we recognize the importance of SMEs to the nation’s economy. The Stanbic IBTC SME Capacity Building Program aims to equip SMEs with the skills and competencies to build sound and viable businesses, improve their capacity to access the available credit, and enhance their ability for efficient funds utilisation.

“Due to their numerous numbers, size, and nature of operations, the role of SMEs in promoting indigenous sources of growth and creating viable businesses for accelerated economic expansion and development cannot be overlooked. We have demonstrated our commitment to SMEs by training and upskilling them in their various business fields. We are confident that these capacity sessions will give their businesses a significant boost in the years to come.

“The program was created to educate various business owners across various sectors. Each course had 10 modules, and each module had video lessons, graded quizzes, and downloadable workbooks.”

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