Bank assures Nigeria SMEs of its support

SMESFrom OKORO CHINEDU in Lagos, Nigeria
LAGOS, (CAJ News) – ACCESS Bank, Nigeria’s foremost financial institution, has pledged its support to micro, small and medium-sized enterprises (SMEs) in view of the sector’s potential to enhance economic growth.

The bank has launched the Finance and Logistics Worldwide Scheme (FLOWS)
in Onitsha, capital of Anambra State, in line with that commitment.

“We appreciate the fact that SMEs are the future and engine room of the
economy. As a bank, Access is well positioned to providing the much-needed
support through deliberate focus and commitment of resources towards their development,” said Arinze Osuachala, Head of Subsidiaries at Access Bank.

The official said it was vital that this integral sector of the economy
received all the necessary support it needs to drive growth and

“The future outlook for the sector is encouraging provided that the
challenges are militated against and the present gaps are adequately
covered,” Osuachala said.

The vast majority of companies in Nigeria are SMEs.

They account for the livelihoods of most of the country’s 173 million
people and are engines of diversification for a country long reliant on

CAJ News

Short URL:

Posted by on Sep 1 2015. Filed under Africa & World, Finance, Finance & Banking, Investing, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Photo Gallery

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.