By Ayomide Otitoju
First City Monument Bank (FCMB) has equipped 44,278 entrepreneurs with critical business skills through its Business Empowerment Sustainability and Training (BEST) masterclass program, aimed at fostering long-term success for small and medium enterprises (SMEs).
According to a statement from the bank on Wednesday, the nationwide initiative has provided financial and non-financial support, particularly targeting women-owned businesses.
Managing Director of FCMB, Yemisi Edun, emphasized the bank’s dedication to SME development, stating, “We are committed to building sustainable business success by closing entrepreneurial gaps. This initiative drives innovation, growth, competitiveness, job creation, and long-term economic prosperity.”
Divisional Head and Senior Vice President of Business Banking at FCMB, George Ogbonnaya, described the BEST masterclass as a strategic intervention for SMEs.
“We are bridging the capacity gap, expanding market access, and offering tailored financial solutions to empower entrepreneurs, particularly in Ogun, Oyo, Osun, Kwara, and Ondo states,” Ogbonnaya stated.
The latest phase of the initiative commenced on Wednesday, March 12, 2025, and is set to run through March 21, 2025, covering key regions in the South-West. Previously, the program had been conducted in the South-East, South-South, and parts of Northern Nigeria.
Participants in the masterclass undergo comprehensive training in financial literacy, digital marketing, operational optimization, sustainable business practices, and strategic planning. The program, facilitated by industry experts and seasoned business leaders, also offers mentorship and networking opportunities.
FCMB reaffirmed its commitment to empowering Nigerian entrepreneurs by equipping them with the skills and resources needed to thrive in an evolving business landscape.
