Nigeria: Stanbic IBTC Partners LSETF to Support SMEs

Stanbic IBTC Holdings Plc has announced its partnership with the Lagos State Employment Trust Fund (LSEFT) to train small and medium-sized enterprises (SMEs) in entrepreneurship through a series of financial planning sessions, tagged "Managing Your Finances".

Stanbic IBTC, through its regular financial planning sessions, has trained individuals, entrepreneurs and business managers in personal and corporate finance and has thus enhanced their knowledge in the areas of wealth creation, and improved business management and financial management skills.

Speaking on the partnership, a statement quote the Chief Executive, Stanbic IBTC Holdings, Dr Demola Sogunle, to have said the collaboration reflected the financial institution's commitment to the growth and development of Nigerians and the economy.

As he commended the LSEFT for the promotion of entrepreneurship through improved access to finance, strengthened institutional capacity of SMEs and policies formulated to improve the business environment in Lagos State, Sogunle assured the LSETF of Stanbic IBTC's resolute support in the development of SMEs in Nigeria.

According to Sogunle, "This partnership is crucial because we will be taking beneficiaries through our highly specialised financial planning sessions where they will gain knowledge in different areas of financial management.

"We hope that the insights from this engagement will accelerate their entrepreneurial growth and empower them with the requisite financial knowledge to thrive in life and business.

"Stanbic IBTC embraces the opportunity to contribute to achieving the global sustainable development goals, amongst which are: reduction in the levels of poverty and hunger, economic growth and reduction in inequality."

The partnership has not only supported entrepreneurs and business owners, but contributed to the achievement of the United Nations-backed Sustainable Development Goals (SDGs).

More From: This Day

Don't Miss

AllAfrica publishes around 900 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.