Nigeria: UBA Sponsors Lagos Trade Fair, Reaffirms Support for SMEs

15 October 2024
This Day (Lagos)

Africa's Global Bank, United Bank for Africa (UBA) Plc has announced that it will once again be sponsoring this year's edition of the Lagos International Trade Fair. This marks the sixth consecutive year, where UBA will be the official financial partner of this all-important event.

The fair is organised annually by the Lagos Chamber of Commerce and Industry (LCCI), and is scheduled to take place in Lagos.

At a press briefing to announce the fair, Vice President, LCCI, Akinbo Akin Olugbade, applauded UBA for its continued support of the fair and SMEs in Africa.

While addressing key stakeholders, press-men and other partners at the event, he said, "We would like to extend our heartfelt gratitude to our reputable sponsor, UBA, for their unwavering support and commitment to the success of this fair. Their contributions have been invaluable, and we are truly appreciative of your partnership."

He took time to speak on the exceptional opportunities this year's edition will offer to SMEs, business owners and advertisers, adding that these benefits include improved networking possibilities and promotion of international trade amongst others.

UBA's Head, SME Banking, Babatunde Ajayi, highlighted the bank's strengthened commitment to supporting African businesses, announcing a substantial $6 billion loan facility dedicated to SME development.

He said, "Our six-year partnership with LCCI has been tremendously successful because our missions align perfectly. We are focused on providing our customers with comprehensive market access and seamless transaction capabilities through our extensive retail presence and digital platforms which will be made available at the fair," said Ajayi.

Ajayi noted that the bank's support will extend beyond traditional banking services, as they will offer direct customer engagement opportunities, payment collection and repatriation services for African exhibitors and advanced digital banking platforms for efficient transactions.

The collaboration between UBA and the Lagos Chamber of Commerce and Industry to host the 2024 Lagos International Trade Fair presents a major opportunity for SMEs to expand, connect, and explore new possibilities, which could stimulate economic growth and play a key role in Nigeria achieving its $1 trillion economy.

Read the original article on This Day.

Tagged:
Copyright © 2024 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 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 allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.