Union Bank of Nigeria, a leading financial institution, has reaffirmed its unwavering dedication to facilitating easy access to capital for Small and Medium-sized Enterprises (SMEs) in Nigeria, aimed at bolstering the growth and profitability of this vital sector.
This commitment was reiterated at the recent ‘Top 100 Fastest Growing SMEs in Nigeria’ conference hosted by Business Day newspaper in 2023.
The conference, themed ‘Accelerating Growth for SMEs in an Era of Uncertainty,’ brought together an array of industry experts, small business owners, policymakers, and stakeholders in the SME sector to evaluate and highlight the pivotal role played by SMEs in Nigeria’s economic landscape.
Diverse panel sessions at the well-attended event engaged in discussions that addressed various challenges and opportunities concerning the development of SMEs in the country.
During the ‘Raising Finance for SMEs’ panel, Gloria Omereonye, Area Business Executive at Union Bank, shared valuable insights on strategies to bolster SMEs’ access to finance.
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Omereonye emphasized, “Timely and adequate access to capital remains a critical necessity for small businesses. Offering hassle-free, seamless, and technologically innovative processes for SMEs to obtain loans significantly eases the path for businesses striving to expand and develop their enterprises rapidly. At Union Bank, we are dedicated to fostering collaboration and extending support to entrepreneurs keen on scaling up their ventures.”
Union Bank expressed delight in continuing its partnership with the Business Day 100 SME Conference, underscoring the event’s significance in showcasing the invaluable contributions of small and medium-sized enterprises essential to the growth and development of the Nigerian economy.
