FirstBank convenes SME Week, vows to support engine growth of Nigeria’s economy

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First Bank of Nigeria Limited, as part of the launch of its specialized SME propositions, has announced the convening of its SME Week scheduled to hold in the week 5 – 9 August 2019. Customers and non-customers of First Bank can expect to participate in a wide range of events and activities designed with the SME in mind. The activities range from the SME Masterclass themed “Designing and Implementing a Growth Strategy for your Business” to specialized one on one sessions with renowned business coaches and the launch of seven (7) unique pillars which make up our SME propositions available via SMEConnect – The FirstBank SME portal

The highlight of the week is the launch of the SME portal, a platform through which SMEs can access our unique propositions that have been designed to equip them with the essential tools needed for the growth of their business. The SME portal is also designed to help SMEs identify various gaps that hinder their business growth leveraging our innovative Business Diagnostics Tool, with a view to proffering tailored solutions and creating opportunities for business improvement, profitability and sustainability.

Following extensive research by the Bank over the years, we identified these seven (7) strategic pillars to be essential for the sustainability and growth of the SMEs. These include – access to infrastructure, access to talent, capacity building, policy and regulation, access to resources, access to market as well as access to finance. This has duly informed our strategy and propositions for our SMEs going forward.

Other activities lined up for the week include; one on one coaching advisory sessions, to be simultaneously held across 6 locations in Lagos, Abuja, Rivers, Oyo, Kano and Owerri. The weeklong event will be rounded off with a live webinar on 9 August 2019, to be facilitated by Gbenga Shobo, the Bank’s Deputy Managing Director.

According to the Gbenga Shobo, Deputy Managing Director, First Bank of Nigeria Limited, “FirstBank has over the years, been at the forefront of supporting Businesses, especially the SMEs as we recognise that the SMEs are the engine of the economy. We are committed to ensuring that we leave no stone unturned as we connect with them in their continued contribution to national development in terms of the employment opportunities they create as well as their contribution to the nation’s GDP amongst many economic values.”

“The FirstBank SME Week is driven to promote the Bank’s SME proposition, thereby having SMEs across the country optimally enlightened on how to plug in. We believe this will help SMEs bolster their contribution to the growth and development of the economy” he concluded.

Are you an SME and in need of guidance for business improvement opportunities, visit the link www.firstbanknigeria.com/SMEConnect/ to take the FirstBank SME Diagnostics test.

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria for 125 years. With some 15 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 750 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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