Stanbic IBTC Partnership With EDC Yielding Results,About 3,000 Entrepreneurs Trained.

As part of its commitment to help stimulate and grow a solid and active small and medium scale enterprises sector in Nigeria, Stanbic IBTC established the SME Capacity Building series, which has trained over 3,500 entrepreneurs in the country.

To further strengthen the initiative, the Bank, in 2019, entered a partnership with the Enterprise Development Centre (EDC) of the Lagos Business School. This partnership aims at equipping small and medium enterprises (SMEs) with skills and competencies needed to manage their businesses profitably, develop and pitch viable business proposals, maximise their business funds, trade and prepare them for easy access to finance.

Head, Enterprise Banking, Stanbic IBTC Bank Plc, Emeka Obasi, while speaking on the training, reiterated the Bank’s commitment to providing the proper support and solutions for individuals and businesses to achieve their goals.

“Stanbic IBTC’s commitment to building capacity among enterprises stems from our deep understanding of the important role these enterprises play in providing linkages to industries, employment generation and driving growth of the Nigerian economy,” he stated.

He added that participants are trained in essential topics such as Understanding your Market (Competition Analysis, Marketing Plan, Segmentation); Operation and Business Model; Business Plan (Template review and Development); Taxation; and Marketing, Business Management; among other relevant topics.

He said Stanbic IBTC Bank boasts of highly trained and motivated staff with the requisite expertise in enterprise financing and support.