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FirstBank highlights strategies for SMEs’ survival

By on May 29, 2014

In line with its bid to sustain the development of Small and Medium scale Enterprises (SMEs) in Nigeria, First Bank of Nigeria Limited has extended its SMEConnect seminar to Abia State.

A statement explained that the seminar which was held in Aba with the theme: “We can help with that,” was designed to provide practical help on relevant challenges faced by SMEs in different regions of the country.

The workshop, which was in five sessions, dealt with issues such as book keeping/risk management; monitoring the supply chain/management; exceeding customer’s expectations; opportunity recognition/business plan writing; and marketing your products/services effectively with a special focus on online trade and pricing.

According to the facilitator, who is also the Managing Partner, Highnet Resources Limited, Ms. Vivian Ani, “with the aid of practical case studies and real-life illustrations, the SMEConnect seminar will help entrepreneurs raise business structures, identify the attributes of a successful business, learn the highlights of business procedures and objectives of a business practice that will help them survive in the Nigerian economy.”

Also speaking at the seminar, Head, Marketing and Corporate Communications, FirstBank, Mrs. Folake Ani-Mumuney said the seminar was an avenue for the bank to contribute to the growth of SMEs in Nigeria.

She noted that SMEs play a critical role as the engine of growth in the economy.

 

 

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