Finance

Fidelity Bank to develop capacity for SMEs in non-oil exports sector

Fidelity Bank shareholders to get 60 kobo dividend

In furtherance of its resolve to help Nigerian businesses build sustainable export capabilities, Fidelity Bank Plc, is set to host the 11th and 12th editions of its Export Management Programme (EMP). 

Launched in 2016, the EMP is targeted at preparing participants for real-time experiences in the international non-oil export markets and the broader export market at large. The session typically covers a wide range of topics including Export documentation, Selection and Implementation of Supply Chain Management for Exports, Application of Export Development Business Processes amongst others. 

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Speaking on the programme, the Managing Director, Fidelity Bank Plc, Nneka Onyeali-Ikpe, noted that, as a leading supporter of small businesses, the bank introduced the EMP five years ago to bridge the knowledge gap in the export business locally and to help participants to compete effectively in the global export market.

She said, “Given the success we have recorded in the course of the programme and following the yearnings of potential participants, we decided to host an edition of the training in Kano for those who are unable to attend the session in Lagos.” 

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While EMP 11 is scheduled to hold at the Lagos Business School (LBS), Lekki, Lagos and Kano States in October.

The sessions would be facilitated by leading faculty from LBS, Nigerian Export Promotion Council (NEPC) staff as well as experts in financial management.

Fidelity Bank has over the years demonstrated its resolve to grow the non-oil export side of the economy through strategic initiatives and partnerships. For instance, the bank provided over N32.7 billion in credits to businesses operating in strategic sectors including rice, dairy, poultry, oil palm and cocoa in 2019.

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 It also successfully leveraged strategic partnerships with the Central Bank of Nigeria (CBN) and Development Finance Institutions (DFIs) under various industry targeted intervention funding programmes to enhance access to credit for eligible players in the agribusiness and non-oil exports space with the aim of addressing food security gaps and enhancing foreign exchange earnings. 

Sunnnews

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