Firstbank reiterates commitment to drive SMES

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Firstbank reiterates commitment to drive SMES

First Bank of Nigeria Limited, has announced its determination to support the growth and development of Small and Medium Scale Enterprises ( SMEs) in Nigeria.

The bank’s SME accounts, which are in two variants of FirstSME Classic and FirstSME Deluxe were offered to SMEs, irrespective of industry.

The bank said amongst many opportunities available to holders of FirstSME account was the SMEConnect initiative which is a platform through which SMEs can  access the Bank’s unique propositions that would equip them with the essential tools needed for the growth of their businesses.

The SMEConnect portal is also designed to help SMEs identify various gaps that hinder their business growth. With FirstBank’s over 126 years of impacting the economy, the Bank’s SME innovative Business Diagnostics Tool would also help proffer tailored solutions, whilst creating avenues for business improvement, profitability and sustainability.

Following extensive research by the Bank, 7 strategic pillars have been considered essential for the sustainability and growth of SMEs. The 7 pillars – connect to infrastructure, connect to talent, capacity building, connect to policy and regulation, connect to resources, connect to market as well as connect to finance.

The Chief Executive Officer of FirstBank, Dr. Adesola Adeduntan said FirstSME account was one of the numerous opportunities designed to empower SMEs to continually serve as the backbone and contributors to employment and economic growth.

“Being woven into the fabric of the society for close to 127 years means that we remain at the forefront of providing the desired financial products and services to fit the needs unique to the SMEs as well as facilitating the requisite tools and resources to efficiently and effectively drive business sustainability and expansion strategies essential to taking SMEs to the next level’’, Adeduntan said.


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