Partnership with SMEDAN reinforces our commitment to SMEs – Fidelity Bank

Fidelity Bank has reiterated its commitment to assisting Small and Medium Enterprises grow their businesses in Nigeria by helping bridge the gap in helping them access much needed funding and capacity development initiatives.

Managing Director of the bank, Mrs. Nneka Onyeali-Ikpe stated this in Lagos at the signing of a Memorandum of Understanding (MOU) in Lagos with the Small and Medium Enterprises Development Agency (SMEDAN).

Onyeali-Ikpe said the partnership reinforces the fact that the bank is a leading supporter of SMEs in Nigeria.

Onyeali-Ikpe who was represented at the event by the Executive Director, Lagos and South-West, Fidelity Bank, Dr. Ken Opara, said the partnership is another step in the bank’s journey of helping entrepreneurs grow and compete favorably in any market they operate.

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“For us at Fidelity Bank, supporting SMEs is in our DNA and for more than two decades we have been creating multiple platforms to help them thrive. These include the numerous products we have pioneered for the sector, our collaboration with the Lagos Business School to host the Export Management Programme, the Fidelity SME Academy and our weekly SME Forum radio programme where we have had successful business owners and even SMEDAN share tips on running thriving ventures with listeners.”

On his part, Director-General/Chief Executive Officer, SMEDAN, Olawale Fasanya thanked Fidelity Bank for facilitating the partnership emphasizing that the MOU was particularly significant not just to the Agency but to the MSMEs ecosystem.

“Fidelity Bank is one of the few commercial banks in Nigeria that have shown immense interest in providing support to the large MSME community. I am very aware of some of your products purposely designed to serve the MSMEs. This explains why the Agency is very excited entering into this relationship that we believe will help change the narratives of the sub-sector”, commented Fasanya.

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 7 million customers serviced across its 250 business offices and digital banking channels.