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Heritage Bank Restates Commitement To SME Development

Heritage Bank Limited has restated its commitment to the development and sustenance of Small and Medium Scale Enterprises as a major plank to address youth employment in the country.

Managing Director of the bank, Mr. Ifie Sekibo stated this at the final of the Next Titans, a Television reality show, dedicated to the horning of entrepreneurial skills among youths in the country.

Sekibo, who was represented by Davidson Regah, Divisional Head, Retail Banking/SME development, explained that the support for SMEs stemmed from the bank’s mission to create, preserve and transfer wealth across generations. “This is the reason why from inception, Heritage Bank decided to rise up to the occasion and made a commitment to helping young people and young businesses to realise their dreams and goals by partnering with its customers, inclusive of young people and SMEs to create, preserve and transfer wealth across generations, he said.

He added that the bank’s participation and in the Next Titans TV Reality contest as lead sponsor is to reinforce its promise of supporting the sector and fight unemployment in the country.

He listed the various efforts the bank has put ion place to strengthen entrepreneurship development in the country to include its agreement with the National Youth Service Scheme, NYSC, which led to the setting aside of N200 million young graduates with brilliant and feasible business ideas.

Other SMEs support from the bank include the establishment of the Paris Klub Scheme which is a platform to cultivate real partnership with Micro, Small and Medium Enterprises, MSMEs. Membership of the club gives access to loan support through the Central Bank of Nigeria, CBN’s Single Digit Loan Fund. It also facilitates business mentoring programmes through seminars, workshops and talk shows.

The bank sponsors the Enterprise Development Center’s Enterprise Clinic christened Enterprise Stories which airs on Tuesdays on the Inspiration Radio Station. Your Timeless Wealth Partner is also another platform through which the bank helps to improve the business and lifestyles of customers.

At the final contest on Sunday, Davies Okeowo, CEO Redbrooks Consulting, beat three other finalist to win Heritage Bank’s five million Naira prize.

Mr. Mide Akinlaja, the Executive Producer of the Next Titans thanks the bank for the immense support given to the project. “We greatly appreciate the bank for its passion in igniting entrepreneurial spirit of young talented Nigerians; and we atre grateful to the founder of the bank who has thrown his support for The Next Titans from the beginning,” he said.

The major objective of the project he said, is too demystify entrepreneurship and present it as a viable career options to millions of young talented graduates.