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Skye Bank Warns against Neglect of MSME Sector

Skye Bank has warned against neglecting the Micro Small and Medium Enterprises (MSMEs) in the country, noting that any act of complacency over issues bothering the sector would adversely affect the fortunes of Nigeria’s economy.

 

Addressing over 200 customers and business partners drawn from the MSME sector that attended the South East edition of Skye Bank’s SME seminar held recently at De Lumen Hotel, GRA, Onitsha, Anambra Statebank’s Regional Director, South East I, Dr. Charles Udogu,said “Having identified the gap in the SME sector, Skye Bank organised this seminar to bridge this gap through the Bank’s business seminar series.” .

 

Themed ‘’Nurturing Businesses for Growth’’, the bank described the seminar as part of its contributions towards developing the Micro, Small and Medium Enterprise (MSME) sector of the Nigerian economy.

 

Udogu stressed that MSME was an important growth driver in any economy, warning key economic players in the nation’s polity not to neglect the sector.

 

Speaking in the same vein, Mrs. Ayo Olojede Head, Small Business Group, Skye bank disclosed that the Bank was coming up with solutions that would help to minimise the cost of doing businesses for small business owners.

 

Olojede however warned that, “If you want to access a loan, there are some simple but fundamental requirements the bank will expect – like a business plan,  cash flow projections and basic business skills to determine the viability of the business and ways of partnering with customers to deliver value.’’

 

Commenting on the seminar, she said it was organised to enlighten the bank’s customers on areas of managing their cash flow and other areas of business operations among other issues.

 

In his keynote speech, the Managing Director, Dilimson Holdings Limited, Mr. George Umobi, charged participants to confront challenges faced in the course of growing their businesses and charged them to seize the opportunity Skye bank presented to them and make the best of it.

 

The seminar was commended by the participants whose questions on different issues concerning Skye Bank Plc and the banking industry were promptly addressed by the bank’s representatives.

 

The next edition of the Skye Bank Plc SME Seminar takes place in the South-Western part of the country in May.

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