By Modupe Gbadeyanka
Entrepreneurs in the Small and Medium Enterprises (SMEs) sector in the country have been promised more funding support by the Union Bank of Nigeria.
The lender, at the 2023 edition of the Top 100 Fastest Growing SMEs in Nigeria conference hosted by Business Day newspaper, said its decision to give small business owners easy access to capital is to ensure they enjoy the fruit of their labour.
“Access to timely and adequate capital is a major need for small businesses.
“Creating hassle-free, seamless, and technologically innovative processes for SMEs to receive loans is a big relief for businesses looking to develop and grow their enterprises quickly.
“At Union Bank, we are always keen to collaborate and support entrepreneurs looking to scale up their small ventures,” the Area Business Executive at Union Bank, Ms Gloria Omereonye, said during a panel of discussion titled Raising Finance for SMEs at the event, which had Accelerating Growth for SMEs in an Era of Uncertainty as its main theme.
The well-attended conference included different panel sessions with discussions centred on many issues related to the development of SMEs in Nigeria.
It brought together industry experts, small business owners, policymakers, and other stakeholders in the SME sector to evaluate and spotlight the activities of SMEs in Nigeria.
