FirstBank of Nigeria has announced a N500,000 business grant to five Small and Medium Enterprises (SMEs), through its SMEConnect initiative aimed at boosting employment.
Group Head, Retail Banking, Lagos Mainland 1, FirstBank, Mrs Oludolapo Adigun, listed the five beneficiary SMEs to include: Buyscrap Nigeria Enterprise; Arteasy Nigeria; Gris Business; Digital Solutions Network and Edatsu Technology Ltd.
She said each of the SMEs was given a N100,000 grant to support their businesses after the SME clinic 2021, held in partnership with Techpoint Africa.
Adigun explained that SMEConnect was one of the tools by which FirstBank delivers the capacity-building pillar of its value propositions to SMEs, with a focus on impacting SMEs in key areas that affect their business growth and development.
“In recent years, FirstBank has embarked on the task of empowering SMEs, considering their immense value to the Nigerian economy.
“We created SMEConnect to help drive this mission and we’re delighted to have partnered with Techpoint Africa for the SME clinic 2021.