Access Bank Votes N30bn For Nigeria’s MSME Growth 

The bank's management visited Nigeria's VP Shettima, a former banker himself. The post Access Bank Votes N30bn For Nigeria’s MSME Growth  appeared first on Arise News.

Access Bank Votes N30bn For Nigeria’s MSME Growth 


Click the link to join the registration on WhatsApp: https://chat.whatsapp.com/KThkuZlWaTcCu3iJHGBmLM


Click the link to join the registration on WhatsApp: https://chat.whatsapp.com/KThkuZlWaTcCu3iJHGBmLM


Click the link to join the registration on WhatsApp: https://chat.whatsapp.com/KThkuZlWaTcCu3iJHGBmLM

Access Bank PLC has earmarked N30 billion for investment in the Micro, Small and Medium Enterprises (MSME) sector in the nation’s economy.

The bank’s Group Managing Director, Roosevelt Ogbonna, who disclosed this to newsmen on Friday at the State House, Abuja, after leading management of the bank on a visit to Vice President Kashim Shettima, added that the funds to be disbursed in the form of soft loans, is for women and youth entrepreneurs.

According to him:  “Working with the office of the Vice President we want to change the lives of small businesses belonging to women and youths. We do agree and determine that about 66 percent of MSMEs in Nigeria are owned by women and the youth.

“And I think one of the challenges that they face is finance therefore, working with the office of the Vice President; we have agreed today that Access bank will provide about N30 billion towards supporting women and MSME’s and the youth.

“We will expect that this money will be done at discounted rate to commercial terms and we want to see how we can truly have a positive impact to this segment of the Nigerian economy so, we are excited to be part of that process and we thank the Vice President and his office for giving us this opportunity to be a partner”.

Ogbonna also stated that the scheme would impact at least four million people and the entire process would be kick started immediately as directed by Vice President Shettima.

His words: “We do expect that this will impact at least four million people, given the four different programmes that we are doing so this is not just about lending, we are building capacity, by training the youths. We are ensuring that we can empower them through financing as well as finding new markets for these SMEs so that any product or service that they come up with they can find an outlet for.   

“We are starting from today. We just have to look for the deserving MSMEs. We have been supporting SMEs and women for the last 16-17 years and all we are doing with this partnership is to give us significant impetus to do more.

“The Vice President has charged us to do less talking so we are now going to be on the streets to try and ensure that we get this off the ground immediately.”  

On his part, Senior Special Assistant to the President on Medium and Small Scale Enterprises, Temitola Adekunle-Johnson, said Nigeria’s business environment is very conducive for businesses to thrive.

According to him, the scheme will help strengthen partnership between the public and private sectors.

The post Access Bank Votes N30bn For Nigeria’s MSME Growth  appeared first on Arise News.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow

Keep advertising to get more people

You could reach thousands of more people for every ₦1,000 you spend. https://doacweb.com/advertising

Adverts on doacWeb can be informative, educative or persuasive in nature.

doacWeb Ads is always directed at a broad audience (reaching thousands of people day by day), not few individuals — it deliver your advert to the target audience at the same time. Putting your offer in front of the right people — who have the money and interest in what you sell.

doacWeb Advertising gives you advantage as adverts passes through https://doacweb.com to the internet, reaching millions of people over the internet, and to grow your audience.

Grow your business, Be known, Boost your visibility, Drive engagements, Get new customers and Increase sales.

doacWeb acts as a global advertising media, to let people — individuals — and businesses, to promote and reach more interested people.

Get Started.

WhatsApp: 09031633831

Email: info@doacweb.com
Keep advertising to get more people

You could reach thousands of more people for every ₦1,000 you spend. https://doacweb.com/advertising

Adverts on doacWeb can be informative, educative or persuasive in nature.

doacWeb Ads is always directed at a broad audience (reaching thousands of people day by day), not few individuals — it deliver your advert to the target audience at the same time. Putting your offer in front of the right people — who have the money and interest in what you sell.

doacWeb Advertising gives you advantage as adverts passes through https://doacweb.com to the internet, reaching millions of people over the internet, and to grow your audience.

Grow your business, Be known, Boost your visibility, Drive engagements, Get new customers and Increase sales.

doacWeb acts as a global advertising media, to let people — individuals — and businesses, to promote and reach more interested people.

Get Started.

WhatsApp: 09031633831

Email: info@doacweb.com
Keep advertising to get more people

You could reach thousands of more people for every ₦1,000 you spend. https://doacweb.com/advertising

Adverts on doacWeb can be informative, educative or persuasive in nature.

doacWeb Ads is always directed at a broad audience (reaching thousands of people day by day), not few individuals — it deliver your advert to the target audience at the same time. Putting your offer in front of the right people — who have the money and interest in what you sell.

doacWeb Advertising gives you advantage as adverts passes through https://doacweb.com to the internet, reaching millions of people over the internet, and to grow your audience.

Grow your business, Be known, Boost your visibility, Drive engagements, Get new customers and Increase sales.

doacWeb acts as a global advertising media, to let people — individuals — and businesses, to promote and reach more interested people.

Get Started.

WhatsApp: 09031633831

Email: info@doacweb.com