Fidelity Bank Plc has joined forces with the Small and Medium Enterprises Development Agency (SMEDAN) to enhance access to funding and capacity development initiatives for small businesses.
According to Mrs Nneka Onyeali-Ikpe, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, said the partnership emphasises the bank’s zeal to support SMEs in Nigeria.
She highlighted this at a Memorandum of Understanding (MOU) signing ceremony held in Lagos recently. Stating further, the CEO said: “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.”
Onyeali-Ikpe, represented 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. “We are very happy to have SMEDAN join us,” he concluded.
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.
Commenting, Fasanya said: “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.”
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. The bank was recently recognized as the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards. The bank has also won awards for the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.
