Forum holds summit on SME development

Stakeholders in the industry are set to gather at the forthcoming conference on Small and Medium Scale Enterprises (SME’s) slated for the 2nd of August, 2015.

The conference organised by the Catholic Brothers United (CBU), is expected to be graced by the Managing Director and Chief Executive Officer, Bank of Industry (BOI), Rasheed Olaoluwa, who as agreed to be the guest speaker.

With the theme: ‘Enhancing Small and Medium Scale Businesses; A Viable Tool For Poverty Eradication’, the summit, which is the 16th of the series of such initiative by the CBU would tackle the myriad of challenges facing the SME’s in the country.

Olaoluwa while accepting to grace the occasion reiterated the bank’s commitment to enhancing productivity of the SME’s.

President of the CBU, Emmanuel Uwukhor, said the initiative aims at providing a forum for SME’s to fully understand the inventiveness of the bank.

Uwukhor, deprecated lack of full knowledge of the banks’ operations by some SME’s which prompted the craving of the association to create a satisfactory platform for parties to share knowledge and take advantage of the intercession activity of the bank to grow and sustain their business.

According to him, SMEs are critical to the development of any economy as they possess great potentials for employment generation, improvement of local technology, output diversification, development of indigenous entrepreneurship and forward integration with large-scale industries.