Nigeria’s Economic Challenges – Stanbic IBTC Issues Statement


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Stanbic IBTC has spoken about Nigeria’s economic crisis, stating that unlocking the full potentials of Nigeria’s Small and Medium Scale Enterprises (SMEs) segment will boost the economy.

This was the key takeout from the Stanbic IBTC Bank 2016 SME Capacity Building Sessions which took place in eight cities across the country recently.

Head, Business Banking, Stanbic IBTC Bank, Anya Duroha, said the SME sector is pivotal to the economic growth and development of any nation.

Duroha said that one of the ways Stanbic IBTC hopes to achieve this is by empowering operators with the right business skills and adequate funding.

“Stanbic IBTC Bank has a rich pedigree of building capacity for SMEs and providing much needed support in terms of funding and skills acquisition in the sector because we understand the important linkages provided by SMEs to industries and employment generation.

“This seminar is one of several ways the bank continues to build capacity in the SME sector,” he said.


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