24.1 C
Abuja
Wednesday, June 3, 2020

COVID-19: SMEs bedrock, drivers of nation’s economy — Sekibo, Heritage Bank CEO

Must Read

COVID-19: FG lists guidelines for reopening of churches, mosques

    guidelines are baseline for states, free to introduce other conditions Ahead of the reopening of churches and mosques nationwide, the...

COVID-19: Nigeria’s 812 health workers infected, now occupies 3rd position in Africa

          …40,000 pieces of PPEs distributed to health facilities   More than 812 health workers across the country have been infected by...

Information Minister inaugurates committee on audience measurement in advertising, wants robust system 

  The Minister of Information and Culture, Alhaji Lai Mohammed, on Tuesday charged the newly inaugurated committee on advertising to...

 

The Managing Director/CEO of Heritage Bank Plc, Mr Ifie Sekibo, has said with partnership and rigorous commitment to their businesses, the micro, small and medium enterprises (MSMEs) would bolster the nation’s economy for sustainable growth.
He spoke on the heels of dwindling financial resources following the global economic crisis occasioned by the Covid-19 pandemic.
Sekibo, who disclosed this during a webinar, a virtual conference platform at the Upgrade Summit 2020, said the bedrock of any vibrant economy is hinged on the continued survival of SMEs.
“To continue to survive and remain the bedrock of the nation’s economy, the players must continuously reinvent themselves, complement each other, dream big, possess cutting edge ideas and think before venturing into businesses,” he said in his contribution to the interactive session.
PerSecondNews reports that the theme of the conference was, “Converting Ideas into Reality with Focus on SMEs”.
Sekibo emphasized the need for SMEs to look inward, learn and relearn, possess the spirit of self-sacrifice and believe.
He declared: “They must be bold and should not be afraid to fail.
“Among small and medium-sized enterprises (SMEs) in Nigeria, there has been too much of an individual focus, rather than a holistic or intergenerational focus.
“There is not enough focus on partnership among Nigerian SMEs and this causes ventures to fail.”
On empowering the entrepreneurship sector, the Heritage Bank CEO said more needed to be done in the area both by the government and the financial institutions.
“The sector is an agent of development.
“One of our major cardinal point as a bank is supporting micro, small and medium scale businesses and our strong desire to see young men and women succeed in any area of their business.
“This will help the society and economy to grow, thereby moving the nation from poverty occasioned by Covid-19 to prosperous economy,” Sekibo said.
- Advertisement -
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

- Advertisement -

Latest News

COVID-19: FG lists guidelines for reopening of churches, mosques

    guidelines are baseline for states, free to introduce other conditions Ahead of the reopening of churches and mosques nationwide, the...

COVID-19: Nigeria’s 812 health workers infected, now occupies 3rd position in Africa

          …40,000 pieces of PPEs distributed to health facilities   More than 812 health workers across the country have been infected by COVID-19 just as Nigeria now...

Information Minister inaugurates committee on audience measurement in advertising, wants robust system 

  The Minister of Information and Culture, Alhaji Lai Mohammed, on Tuesday charged the newly inaugurated committee on advertising to develop a framework that will...

Alleged impropriety: Buhari meets Adesina, AfDB President

        President Muhammadu Buhari today met with the President of African Development Bank (AfDB), Dr. Akinwumi Adesina, at the Presidential Villa, Abuja. Adesina has been at...

Politics and Nigeria’s Electricity Sector by  Reuben Abati 

  While Nigerians are busy with the management of COVID-19 and its many fall-outs, fire has been burning in other aspects of national life which...

More Articles Like This

- Advertisement -