Kayode Tokede
Fidelity Bank Plc, has known as on Small and Medium-scale Enterprises (SMEs) to embrace digital options, keep sound monetary administration practices and undertake structured enterprise fashions to reinforce competitiveness and drive sustainable development.
The name was made on the Fidelity Bank SME Quarterly Business Forum held in Lagos.
Speaking on the occasion, the financial institution’s Regional Bank Head, Ikeja, Mr. Jude Monye, who represented the Executive Director, Lagos and South-West, Dr. Ken Opara, described Lagos as a dynamic enterprise hub with immense development alternatives regardless of prevailing financial and operational challenges.
According to him, whereas Lagos stays one among Africa’s most vibrant industrial centres, entrepreneurs should navigate rising working prices, intense competitors, shifting shopper preferences, infrastructure limitations and dealing capital constraints.
“Yes, there are challenges, but that is why we are here, to see how we can guide you, support you and make sure that you bring your dreams to fruition. Building a competitive business in this environment requires more than ambition. It requires reliable products, consistent service, proper records, disciplined cost management, efficient inventory control and a deep understanding of customers,” Monye stated.
He additional emphasised the position of expertise in enhancing enterprise efficiency and decision-making.
In her remarks, the Divisional Head, SME Banking, Fidelity Bank Plc, Mrs. Ugochi Osinigwe, described SMEs because the spine of Nigeria’s financial system and highlighted the discussion board’s position as a platform for data sharing, networking and enterprise improvement.
“At Fidelity Bank, we are committed to helping entrepreneurs build, scale and transform their businesses into profitable and sustainable enterprises. Innovation and digital transformation are important parts of that journey, particularly in an increasingly competitive business environment,” she stated.
