Access bank restates commitment to funding smes

Here is a news article on Access Bank's restatement of commitment to funding SMEs:

Access Bank Restates Commitment to Funding SMEs

Lagos, Nigeria - Access Bank Plc, one of Nigeria's leading commercial banks, has restated its commitment to supporting the growth and development of Small and Medium-Scale Enterprises (SMEs) in the country.

The bank made this commitment at the 2022 SME Forum, an annual event organized by the bank to bring together SMEs, entrepreneurs, and other stakeholders to discuss the challenges and opportunities facing the sector.

According to the bank's Managing Director, Herbert Wigwe, Access Bank is committed to providing financial support to SMEs, which are critical to the growth and development of the Nigerian economy.

"SMEs are the backbone of our economy, and we are committed to supporting their growth and development," Wigwe said. "We believe that SMEs have the potential to drive economic growth, create jobs, and increase revenue, and we are committed to providing them with the financial support they need to achieve their goals."

The bank's commitment to SMEs is reflected in its SME-focused products and services, which include a range of loan products, business advisory services, and other forms of support.

"We have a range of products and services designed specifically for SMEs, including our flagship SME loan product, which provides flexible and affordable financing options for SMEs," Wigwe said. "We also offer business advisory services, including training and mentorship programs, to help SMEs develop their skills and capabilities."

The bank's commitment to SMEs is also reflected in its partnerships with other organizations and stakeholders in the sector.

"We are working with other organizations and stakeholders in the sector to identify and address the challenges facing SMEs," Wigwe said. "We believe that by working together, we can create a more supportive and enabling environment for SMEs to thrive."

The 2022 SME Forum, which was held in Lagos, brought together over 500 SMEs, entrepreneurs, and other stakeholders to discuss the challenges and opportunities facing the sector. The event featured a range of speakers and panelists, including business leaders, policymakers, and other experts in the sector.

Overall, Access Bank's restatement of commitment to funding SMEs is a welcome development for the sector, which has been facing a range of challenges in recent years. The bank's commitment to providing financial support to SMEs is critical to the growth and development of the Nigerian economy, and we hope that other banks and financial institutions will follow its lead.