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FirstBank, NBCC seal pact on MSME growth


Gbenga Shobo

Gbenga Shobo

To further boost small business owners’ capacity for value creation in the economy, First Bank of Nigeria Limited has partnered the Nigerian-British Chamber of Commerce (NBCC) to jointly host a Micro, Small and Medium Size Enterprises (MSME) workshop to such end.

Themed, ‘Fundamentals of building a sustainable business’, the partnership will see the two institutions training small business owners in building sustainable businesses and expanding the nation’s non-oil export frontiers.

Scheduled for 1st and 2nd of September, 2016 at First Academy, Iganmu, Lagos between 9am – 4pm daily, the Deputy Managing Director, First Bank of Nigeria Limited, Gbenga Shobo, said: “The SME market segment is one of FirstBank’s strategic platforms to stimulate economic development and we would continue to support activities geared towards the sustainable development of the segment even as it remains our business to foster the growth and development of small and medium scale businesses in Nigeria in sync with our position as the nation’s Number 1 SME Bank in Nigeria”.


Key areas of discourse at the workshop according to the bank, will include financial windows available to MSMEs and how to access them, strategy development and implementation for small businesses, sustainability opportunities for small businesses, and financial management for growing businesses among others.

Indeed, FirstBank would also provide facilitators from senior members of staff who are proficient in the business of MSMEs to proffer practical solutions on business growth and development.

The President of NBCC Prince Dapo Adelegan had restated the chamber’s commitment to improving bilateral ties between Nigeria and the United Kingdom.He said: “We want to improve on the trade relations between Britain and Nigeria. Britain remains one of the most reliable partners of Nigeria and home to most of the Nigerians in Diaspora”.

Secondly we want to bring to quality service to our members of all categories and foster prosperity to their businesses; thirdly we want to build our plaza and lastly we are going to be very active in advocating positive policies for implementation by the government and ensure that necessary infrastructures for inflow of foreign direct investment are provided”.

FirstBank has over the years, emphasized the fact that Africa’s economies cannot move forward if MSMEs and budding entrepreneurs are continuously starved of the right knowledge and skills set to grow their businesses.

As a nation builder, the Bank is intensifying support for MSMEs through a number of initiatives geared towards raising their level of competitiveness in a challenging business environment.

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