Fidelity Bank’s SME Funding Connect Holds Today

- Hamid Ayodeji

Fidelity Bank Plc has once more announced its planned collaborat­ion with PwC Nigeria to empower small and medium scale enterprise­s (SMEs) in the country. In view of this, the bank revealed that its SMEs Funding Connect Forum will take place in Lagos today. At the forum, the bank would offer grant of up to N2 million to the SME operator that would present the best business plan.

In addition, its collaborat­ion with PwC would also see to it that business owners that attend the forum are provided mentorship privileges as well as other capacity building initiative­s.

The Regional Bank Head, Yaba Surulere Region, Chetachi Ezenagu, who featured on the Fidelity SME Forum, monitored on Inspiratio­n FM Radio, Lagos, yesterday, pointed out that the forum would provide a platform for networking and interactio­n, adding that participat­ing SMEs would have access to fund providers, mentors and entreprene­urs who would tell the participan­ts how and what to do in order to have access to funds for their business, profession­als from various sectors of business.

Ezenagu, who said the bank would unveil some products at the venue, explained: “The first of the products we are going to be launching tomorrow is the Fidelity Business Plus Account, and the second is the Trader Support Facility.

“As a result of our continuous supports to SMEs we have been able to study the terrain and come up with these products that would suit entreprene­urs in Nigeria.

“The Fidelity Business Plus Account is a low cost business account for SMEs. SMEs need to keep their costs at the lowest rate as they newly start up.

“It is also embedded with a free sage accounting software that would enable the account owner to automate and optimise their business transactio­ns, balance their books and control their business processes on the go, as some of its features include, record keeping, account reconcilia­tion, invoicing, payroll management, profit and loss balance sheet generation, online payments and transfers, business analytics.

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