Lagos, Nigeria – Leading financial institution, Union Bank of Nigeria, has reiterated their support for Small and Medium-sized Enterprises in the country to drive increased growth and development.
This commitment was made during the recently held ‘Top 100 Fastest Growing SMEs in Nigeria’ conference hosted by Business Day newspaper.
The event themed ‘How SMEs can thrive in an age of volatility’ was well attended by various stakeholders in the SME sector, including entrepreneurs, industry experts, start-ups, and financiers.
The event had different panel sessions to discuss the multiple problems facing SMEs in Nigeria.
Speaking on the Funding for SMEs panel, Ayokunnumi Abraham, Head, Small and Medium-sized Enterprises (SME) Products & Segments Union Bank, said SMEs need to pay attention to capacity building and keeping proper financial records. According to him:
“SMEs must focus on building capacity and developing the necessary skills to increase their expertise if they hope to succeed in this volatile age.
SMEs also need to embrace technology and digital tools as an enabler for business growth while ensuring their books and records are organised if they hope to attract funding from the right financial partner.”
Business Day newspaper presented Union Bank with The SME Financier of the Year award in Nigeria at the awards ceremony held that same evening in recognition of the bank’s efforts to support and promote the growth of the SME sector in the country.
From L-R Linda Ochugba, Digital Sales Manager, BusinessDay Media; Ayokunnumi Abraham, Head, Small & Medium-sized Enterprises (SME) Products & Segments Union Bank; Frank Aigbogun, Publisher/CEO, BusinessDay Media; Olufunmilola Aluko, Head, Corporate Communication & Marketing, Union Bank; and Chima Nwaubani, Brand Manager, Union Bank at the BusinessDay Top 100 Fastest Growing SMEs Conference recently held in Lagos, Nigeria.
news5 years ago
Osun Government presents 2015, 2016 audited accounts…sets record as the first state in Nigeria to publicly declare accounts
crime3 years ago
Arotile’s ex-classmate had no driver’s licence, report reveals
lifestyle6 years ago
Amazing Tips for an Outstanding Makeup
news2 years ago
2023: Kola Abiola Set To Declare For Presidency
entertainment4 years ago
sanwo-Olu honours sacked chaplain after Ambode’s wife saga
entertainment4 years ago
See how Women now use toothpaste to tighten vagina
lifestyle3 years ago
US Church ‘refunds members three years tithes’ as help during COVID-19
business3 years ago
#EndSARS: Access Bank announces N50 billion interest-free facility for businesses