By Ayomide Otitoju
Fidelity Bank Plc has reiterated its commitment to Nigeria’s economic transformation, aligning its initiatives with the federal government’s ambition to achieve a $1 trillion GDP by 2030.
As part of its efforts, the bank continues to provide critical support to small and medium-sized enterprises (SMEs)—a sector that accounts for 96% of businesses and nearly half of the nation’s GDP. Initiatives include affordable loan schemes through partnerships with DFIs such as the Bank of Industry and DBN, as well as interest rate reductions on internal SME loans.
To build business capacity, Fidelity Bank has also expanded its weekly SME forum into a digital TV series on Instagram, offering expert insights to over 10 million viewers.
During its SME Empowerment Program held on July 23 in Lagos, the bank launched a new initiative equipping 100 growth-ready businesses with ERPRev-enabled POS systems and business management tools. The three-day event featured training, branding, and post-installation support.
Managing Director/CEO Dr. Nneka Onyeali-Ikpe, represented by Executive Director Stanley Amuchie, highlighted SMEs as “the architects of innovation, resilience, and inclusive growth.”
Fidelity’s digital push and hands-on support aim to ensure that SMEs remain resilient in the face of economic challenges and play a leading role in achieving Nigeria’s trillion-dollar GDP target.
