Wema Bank and SMEDAN Unite to Empower 800,000 Nigerian Businesses.

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Wema Bank has partnered with the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) to empower 800,000 Nigerian businesses. The partnership, which was formalized through a Memorandum of Understanding (MoU), aims to provide training and resources to micro, small, and medium enterprises (MSMEs) to help them build profitable businesses, gain visibility, and scale sustainably.

Commenting on the partnership, Wema Bank’s MD/CEO, Moruf Oseni, said: “At Wema Bank, we don’t pay lip service to SME matters. We have a lifelong commitment to empowering Nigerians to thrive.” Oseni highlighted the bank’s history of providing financing for indigenous people and its continued commitment to empowering entrepreneurs and small businesses.

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“This is what we have always done, what we are doing through this partnership with SMEDAN, and what we will continue to do beyond 80 years,” Oseni said. “MSME empowerment for us is not just a buzzword. It is our mission.”

Charles Odili, the Director General of SMEDAN, commended Wema Bank’s commitment to empowering businesses and stimulating growth in the MSME sector. “I want to thank Wema Bank for their constant support to MSMEs and for not paying lip service to MSME empowerment in Nigeria,” Odili said.

Through this partnership, Wema Bank will provide training and resources to 800,000 businesses curated by SMEDAN over the next 12 to 18 months. The partnership is expected to advance Nigeria’s MSME industry and reinforce Wema Bank’s position as a leading bank for SMEs.

Wema Bank has earned a reputation as Nigeria’s SME Bank, providing access to finance, visibility, market access, tailored trainings, mentorship, and other forms of support to businesses.

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The partnership with SMEDAN is a testament to Wema Bank’s commitment to empowering MSMEs. “We are excited to partner with SMEDAN to empower 800,000 MSMEs across Nigeria,” said Oseni. “This partnership is a demonstration of our commitment to supporting the growth and development of small businesses in Nigeria.”

“I want to again thank Wema Bank. This is a prime example of how collaboration and determination to create impact can make a positive difference,” said Charles Odili, the Director General of SMEDAN. “I thank you for their constant support to MSMEs and for not paying lip service to MSME empowerment in Nigeria.”

The Director General of SMEDAN expressed his confidence in the success of the partnership. “We believe that this partnership will have a significant impact on the growth and development of MSMEs in Nigeria,” Odili said. “We are committed to working with Wema Bank to provide the necessary support and resources to help MSMEs thrive.”

The partnership is expected to provide training and resources to MSMEs in areas such as business management, financial management, and marketing. “We want to equip MSMEs with the skills and knowledge they need to succeed in today’s competitive business environment,” Oseni said.

“At Wema Bank, we don’t pay lip service to SME matters. We have a lifelong commitment to empowering Nigerians to thrive,” Oseni said. “From inception in 1945, Wema Bank was built with a purpose to provide financing for the indigenous people of Nigeria. It wasn’t because banks didn’t exist during those years, it was because we identified the gaps in access to finance for our people.”

“This is what we have always done, what we are doing through this partnership with SMEDAN, and what we will continue to do beyond 80 years,” Oseni said. “MSME empowerment for us is not just a buzzword. It is our mission.”

Wema Bank’s commitment to empowering MSMEs is part of its broader strategy to support the growth and development of small businesses in Nigeria. “We believe that MSMEs are the backbone of the Nigerian economy, and we are committed to providing them with the support and resources they need to thrive,” Oseni said.

The partnership with SMEDAN is a significant milestone in Wema Bank’s efforts to empower MSMEs. “We are proud to be working with SMEDAN to support the growth and development of MSMEs in Nigeria,” Oseni said. “We believe that this partnership will have a lasting impact on the Nigerian economy.

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