Heritage Bank Supports MSMEs To Grow Into Generational Conglomerates
Heritage Bank Plc, Nigeria’s Most Innovative
Banking Service provider, has assured promoters of Micro, Small and Medium
Enterprises (MSMEs) of support to enable them grow their businesses into
generational conglomerates.
The
MD/CEO of the Bank, Mr. Ifie Sekibo disclosed this in a statement signed by the
Divisional Head, Corporate Communications of the bank, Mr. Fela Ibidapo over
the weekend.
According to him, Heritage Bank is poised to
collaborate with operators of MSMEs to grow them into generational
conglomerates, remarking that their desire is for Nigerian businesses to be
listed on the stock exchanges and eventually become global brands and household
names.
Sekibo noted that surviving in the face of all odds as
a business in Nigeria with the present economic situation is not an easy feat,
adding that tenacity is a key characteristic of a sustainable business.
He remarked that notable businesses such as Quaker
Oats and KFC went through trying times, overcame them, and are now global
brands.
“We believe that businesses like yours are the
backbone of the economy because you create jobs and play a huge role in moving
our country out of this present recession. I encourage you to rise up to this
challenge facing every Nigerian entrepreneur and make our economy vibrant
again,” Sekibo said.
The head of corporate communication noted that the
Heritage Bank would support operators in the MSMEs sector to broker new deals
and partnerships, adding that a contact today could lead to a business
opportunity tomorrow.
He said the bank would create a platform to propel a
network of fast growing businesses and urged them to seize the opportunity,
network with others as well as engage the bank’s SME consultants in their bid
to build and develop sustainable businesses.
It
will be recalled that in recognition of Heritage Bank’s commitment to Small and
Medium Enterprises (SMEs) and Youth
development, the bank has
been adopted by the Central Bank of Nigeria (CBN) as the sole
pilot bank for the Youth Innovative Entrepreneurship Development Programme
(YIEDP).
The
programme is aimed at harnessing the latent entrepreneurial spirit among the
teeming youths by providing timely and affordable loans to implement their
business ideas.
The
major objective of the scheme is to provide a sustainable mechanism to stimulate
employment, contribute to the non-oil Gross Domestic Product (GDP) as well as
address the challenge of youth restiveness in the country.
The
scheme is opened to serving youth corps members and non-NYSC members (not more
than five years post NYSC) within the age bracket of 18 to 35.
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