November 23, 2024
Fidelity-Bank-plc-e1484265401243

Fidelity Bank Plc is collaborating with PricewaterhouseCoopers (PwC) to provide funding for Small and Medium Enterprises (SMEs) operating in Nigeria.

Mr Nnamdi Okonkwo, Managing Director, Fidelity Bank, said in Lagos on Wednesday that the bank came up with the initiative tagged, ‘SME Funding Connect,’ to deepen funding, which remained the biggest headache of SMEs.

Okonkwo who was represented by Executive Director, Lagos & South West, Mrs Nneka Onyeali-Ikpe, said the initiative was aimed at providing funding for SMES through the bank’s funding partners, venture capital and Angel investor, among others.

“Fidelity Bank is SME-friendly and we deemed it necessary to do something that directly affects our base as a bank.

“We have a lot of SME customers who we have worked with and some that we are still working with, and a lot of us know that the SMEs are the engine of any economy that is growing,” Okonkwo said.

He said there were over 40 million registered SMEs in Nigeria, noting that SMEs contributed 80 per cent of the workforce and could not be ignored.

Also speaking, Mr Osaigbovo Omorogbe, Divisional Head, Managed SMEs, said events for the funding of the SMEs would be carried out in Lagos, Port Harcourt, Kano and one other location to be determined by the bank. Omorogbe said the Lagos event titled ‘Entreprenurship Meets Capital’ would take place on Aug. 7.

He said the funding partners would provide equity capital for SMEs to strengthen growth and development.

“We are not launching a fund, we are not looking to sell any fund to SMES on this paltform. We are creating a platform for everybody in SMEs’ ecosystem to participate,” Omorogbe stated.

He said the programme had six focus sectors: manufacturing, technology, entertainment, lifestyles, agriculture value chain among others.

He, however, said the funding would be anchored by PwC, stressing that Fidelity Bank was not a funding platform but creating a platform for every SME to meet funds providers.

The Fidelity Bank SMEs Funding Connect has 3,000 participants, 60 providers, 60 founders, N12 million in grant, six breakout sessions and three networking cocktails.

Omorogbe said the bank had disbursed N2.3 billion under the Central Bank of Nigeria N220bn SME fund programme.

On his part, Nigeria Chief Economist and Partner, PwC, Mr Andrew Nevin, noted that the programme could develop more SMEs, which would in turn contribute to the development of the economy.

“For the past two years, the Nigerian economy has suffered and it has been difficult for banks to lend to the private sector but Fidelity Bank has risen up to the occassion and should be given credit for what they have done in the SME sector, which is the engine room of every economy.

“From the PwC perspective, we are proud to be part of the initiative and we would also want every state involved to be successful, and not only Lagos, so that they can contribute to the growth of Nigeria,” Nevin said.

529 thoughts on “Fidelity Bank Partners PWC On SME Funding.”

  1. I just want to mention I am just beginner to blogs and truly liked this web-site. Very likely I’m going to bookmark your website . You actually come with superb articles. With thanks for sharing with us your web page.

    Reply

  15. I have been surfing online more than 4 hours today, yet I never found any interesting
    article like yours. It is pretty worth enough for me. In my view, if all web owners and bloggers made good content as
    you did, the net will be a lot more useful than ever before.

    Reply

  16. Hey I am so grateful I found your blog, I really found you
    by error, while I was researching on Askjeeve
    for something else, Nonetheless I am here
    now and would just like to say cheers for a fantastic post and a all round enjoyable blog (I also love the theme/design), I
    don’t have time to read it all at the moment but I
    have saved it and also added in your RSS feeds, so when I have time I will be back to read much more, Please do keep up the excellent work.

    Reply

  19. We stumbled over here different website and thought I should check things out.
    I like what I see so now i’m following you. Look forward to
    checking out your web page repeatedly.

    Reply

  21. I’m curious to find out what blog system you’re utilizing?

    I’m having some small security problems with my latest site and I
    would like to find something more safe. Do you have any suggestions?

    Reply

  22. Definitely consider that that you said. Your favorite reason appeared
    to be at the internet the easiest factor to take into account of.

    I say to you, I certainly get irked even as other folks consider concerns that they just don’t realize about.

    You controlled to hit the nail upon the highest as neatly as defined out
    the whole thing without having side effect , other people can take a signal.
    Will likely be back to get more. Thanks

    Reply

  26. Hello there! This is my first comment here so I just wanted to give
    a quick shout out and say I genuinely enjoy reading your blog
    posts. Can you recommend any other blogs/websites/forums that cover the same topics?
    Thank you!

    Reply

  29. Its not my first time to pay a quick visit this website, i
    am browsing this web site dailly and take nice facts from here everyday.

    games ps4 185413490784 games ps4

    Reply

  30. Awesome website you have here but I was wanting to know if you knew of any community forums that cover the same topics discussed in this
    article? I’d really love to be a part of group where I can get
    opinions from other experienced people that share the same interest.
    If you have any suggestions, please let me know.
    Cheers!

    Reply

  31. Attractive portion of content. I simply stumbled upon your web site and in accession capital to say
    that I acquire actually loved account your blog posts.
    Any way I will be subscribing in your augment and even I achievement you get right of
    entry to constantly rapidly.

    Reply

  35. Hi! I know this is kinda off topic but I’d figured I’d ask.
    Would you be interested in exchanging links or maybe guest authoring a blog article or vice-versa?
    My site covers a lot of the same topics as yours and I think
    we could greatly benefit from each other. If you might be interested feel free to
    send me an e-mail. I look forward to hearing
    from you! Excellent blog by the way!

    Reply

  37. I used to be suggested this web site via my cousin. I’m not
    certain whether or not this submit is written via him as nobody else understand such targeted about my difficulty.
    You’re amazing! Thank you!

    Reply

  39. Hey there! I understand this is sort of off-topic but I
    had to ask. Does operating a well-established blog such
    as yours require a large amount of work? I’m completely new to operating a blog however I
    do write in my journal on a daily basis.
    I’d like to start a blog so I can easily share my own experience
    and feelings online. Please let me know if you have any
    suggestions or tips for brand new aspiring blog owners.
    Appreciate it! 0mniartist asmr

    Reply

  40. Does your website have a contact page? I’m having a tough time
    locating it but, I’d like to send you an email. I’ve got some suggestions
    for your blog you might be interested in hearing. Either way, great website
    and I look forward to seeing it develop over time.

    Reply

  41. Pretty nice post. I just stumbled upon your blog and wanted
    to say that I’ve really enjoyed browsing your blog posts.

    After all I will be subscribing to your rss feed and I hope you write again very soon!

    Reply

  43. I do trust all the ideas you have introduced to your post.
    They are really convincing and will definitely work.
    Nonetheless, the posts are very short for novices. May you please prolong them a
    little from next time? Thank you for the post.

    Reply

  44. Fantastic web site. Plenty of useful information here. I am sending it to a few pals
    ans additionally sharing in delicious. And obviously, thanks to
    your effort!

    Reply

  45. I’m amazed, I must say. Seldom do I encounter a blog that’s equally educative and entertaining,
    and let me tell you, you have hit the nail on the head.
    The issue is something not enough men and women are speaking intelligently about.
    Now i’m very happy that I stumbled across this during my search for something relating to this.

    Reply

  46. scoliosis
    Do you mind if I quote a few of your articles as long as I provide credit and sources back to your website?
    My website is in the exact same niche as yours and my users would definitely benefit from some of the information you
    provide here. Please let me know if this okay with you.
    Appreciate it! scoliosis

    Reply

  47. scoliosis
    Thanks for your marvelous posting! I genuinely enjoyed reading it, you may
    be a great author.I will remember to bookmark your blog and will eventually come back in the foreseeable future.
    I want to encourage continue your great posts, have a nice morning!
    scoliosis

    Reply

  48. scoliosis
    I do trust all the ideas you’ve presented on your post. They are really convincing and will certainly work.

    Still, the posts are very short for newbies. May you please
    extend them a little from next time? Thanks for the post.
    scoliosis

    Reply

  53. Hi there, i read your blog from time to time and i own a similar one and
    i was just wondering if you get a lot of spam comments?
    If so how do you protect against it, any plugin or anything you can suggest?
    I get so much lately it’s driving me mad so any help is very much appreciated.

    Reply

  167. Also be aware that it’s common for siblings to feel neglected, jealous, and angry when a child is seriously ill.
    Check is gabapentin the same as lyrica as a successful option.|
    In addition to these physical symptoms, anxiety in general also leads to restlessness, possibly a fear of something impending that will be catastrophic, or fear of being embarrassed or humiliated.

    Reply

  295. Any abscesses present will be drained before the incision is closed.
    Do foreign countries offer airmail pharmacy xanax with free delivery.
    Mental Health Factors Impaired By Generalized Anxiety Disorder Generalized Anxiety Disorder can interfere with mental health in a number of ways: Physical Health: Individuals with Generalized Anxiety Disorder develop symptoms of autonomic hyperarousal e.

    Reply

  305. адамсыз қала арман кітабы, дулат исабеков қарғын оқу жеке күзет, күзет қызметі туралы заңы каргту новости, карагандинский технический университет имени сагинова
    астана тв прямой эфир кулфи, астана
    тв онлайн смотреть

    Reply

  440. еуразияның ең ірі көлінің
    ең терең жері, еуразияның ең төмен
    нүктесі айналайын немерем текст, немерем текст абай
    бегей эко за и против форум, почему в астане квартиры дешевле қр ның
    ресми құжаттары және мемлекеттік қызмет,
    мемлекеттік қызмет көрсету туралы заң

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News

Troops

Nigerian  Army 6 Brigade troops arrests  two, recover  AK 47 riffles from kidnappers in Taraba State

November 20, 2024 34
IMG-20241119-WA0001

Ag.COAS assures on Army personnel  welfare, protection of Nigeria and citizens as top priority.

November 20, 2024 4