Skye Bank Empowers SME Owners With Entrepreneurial Skills…Holds Small Business Seminar Series In Imo State

Skye Bank of Nigeria Plc. says that its focus is to reposition small and medium enterprises in Imo State and the country in general. This is meant to ensure their growth, and create stability in their various businesses afloat.

In an interactive Skye Bank business forum organized in Owerri, the focus was on nurturing businesses for growth. The Executive Director South East/South South Skye Bank and Head of Retail Banking, Ekong Ibiye, in his opening remarks, expressed that the forum was aimed at connecting customers, helping them to learn new things, while utilizing what were learned to scale up their business growth.

Ekong counseled customers of the bank to take advantage of the different financial products available at the bank for SMEs, including the Central Bank’s N200 billion SME loan scheme, to grow and transform their businesses.

She said, “Skye Bank will continue to provide the support customers need to successfully access the Central Bank facility. This is expected to provide the leverage their businesses require for increased productivity.”

“We are focusing on growth; we are hoping that at the end of this period, the things we are learning here will be things that would be used by our current customers and the potential ones, to grow businesses , she added”.

She observed that finance is not the biggest problem militating against the growth of SMEs and that Skye Bank has provided various products, services and tools to enable the growth of this sector in Nigeria. Ekong appealed that they take advantage of the products and services provided by the bank in running their businesses.

In his keynote address, Chief Executive Officer, GMICORD Industrial Group, Goddi Ihenachor stressed the path of honesty and integrity as strategic tools for business growth.

He also drew the attention of the entrepreneurs to making good plans, emphasizing the need for good relationship, communication and advertisement in business growth.

Ihenachor addressed the need for good management and the need to reduce high operating costs which always try to erode the expected profit.

The workshop is part of Skye Bank’s capacity building efforts for small and medium enterprises (SMEs) owners, and it is designed to bridge the knowledge and skills deficit in the nation’s SME sector.