Access Bank PLC has disclosed its readiness to support the small and medium-sized enterprises (SMEs) in Nigeria, to boost employment generation, improvement of local technology, output diversification and development of indigenous entrepreneurship. Access Bank has organised a business club programme in building the managerial capacity of entrepreneurs in Nigeria to the level they can easily succeed in their respective businesses using information technology.
The managerial capacity programme which held recently in Port Harcourt, Rivers State witnessed a lot of small and medium enterprises, SMEs, from all walks of life and it covered topical areas in capacity building.
The bank’s head of Small and medium-sized enterprises support stated that the sector was characterized by challenges like poor funding, low managerial expertise, poor project feasibility study/business case, lack of proper book-keeping, poor corporate governance, inability to access credit facilities and unavailability of basic infrastructure. Access Bank Plc, Head of Retail Banking, Victor Etuokwu speaking at the event in reiterating the SME said further;
Access Bank commitment to impact Small and Medium-sized enterprises positively
“It is something we have to do and take as our primary role in the economy, we are providing a lot of benefits targeted at developing the macroeconomic landscape of the country.
“The Access Bank business club is designed for SMEs to meet and network with each other in a relaxed atmosphere outside the banking hall which has significantly helped business owners grow their network whilst increasing the bank’s customer base,” Victor said.
Information Technology investor, Hyacinth Iheanachor, advised Nigerians entrepreneurs to keep up with changing trends in technological innovation to grow their businesses and to avoid being displaced by “disruptive technology”. Iheanachor who explained disruptive technology as improved innovation which displaces old ways of doing business said the trend has put many entrepreneurs caught unguarded out of business and misery
Iheanachor said further; “The commonest experience we can share in Nigeria was the introduction of GSM or mobile phones which almost immediately collapsed the dependence on landlines and analogue phones.’’