Fidelity Bank Plc has commenced the disbursement of the Federal Government of Nigeria’s (FGN) Micro, Small, and Medium Enterprise (MSME) Intervention Funds, in partnership with the Bank of Industry (BOI).
The fund aims to provide accessible financing to MSMEs across all 36 states in Nigeria, with a strategic focus on empowering women-owned businesses.
The bank is prioritizing women entrepreneurs in this phase of disbursement, recognizing their pivotal role in driving sustainable development and job creation.
According to Osita Ede, Divisional Head of Product Development at Fidelity Bank, “We are placing women at the forefront because we recognize their resilience, innovation, and contributions to wealth creation and employment generation in Nigeria.”
Fidelity Bank has established a robust structure to ensure seamless onboarding and fund disbursement, leveraging its nationwide branch network, digital banking platforms, and experienced relationship managers.
This will enable the bank to reach and support entrepreneurs across urban and rural communities.
The disbursement of the FGN MSME Intervention Fund aligns with Fidelity Bank’s ongoing initiatives as a leading supporter of SMEs in Nigeria.
The bank recently launched the Fidelity SME Empowerment Programme (FSEP), which provided 100 growth-ready SMEs with business software, training, and other support.
Fidelity Bank also signed a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to deliver SME-friendly financing and capacity-building support.
The Bank has reiterated its committment to empowering small and medium-sized enterprises through this fund, expanding access to affordable financing and strategic support.
By doing so, Fidelity Bank aims to deepen its impact on Nigeria’s MSME ecosystem and promote economic growth.
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