3000 smes to benefit from fidelity banks funding connect initiative
Fidelity Bank's Funding Connect Initiative is a program designed to support Small and Medium-Sized Enterprises (SMEs) in Nigeria. According to recent reports, the initiative is expected to benefit over 3,000 SMEs across the country.
The Funding Connect Initiative is a collaborative effort between Fidelity Bank and the Central Bank of Nigeria (CBN) to provide financing to SMEs in Nigeria. The program aims to address the funding gap faced by SMEs, which are critical to the country's economic growth and development.
Under the initiative, Fidelity Bank will provide financing to eligible SMEs, with a focus on those in the manufacturing, agriculture, and services sectors. The bank will also provide technical assistance and capacity building to help SMEs improve their operations and increase their competitiveness.
The benefits of the Funding Connect Initiative to SMEs include:
- Access to funding: SMEs will have access to financing to support their business growth and expansion.
- Technical assistance: SMEs will receive technical assistance and capacity building to improve their operations and increase their competitiveness.
- Increased competitiveness: SMEs will be better equipped to compete in the market, which will lead to increased economic growth and development.
- Job creation: The initiative is expected to create jobs and stimulate economic growth, which will have a positive impact on the overall economy.
Overall, the Funding Connect Initiative is a positive development for SMEs in Nigeria, and it is expected to have a significant impact on the country's economic growth and development.