Fidelity Bank Plc has commenced the disbursement of the Federal Government of Nigeria’s (FGN) MSME Intervention Funds, administered by the Bank of Industry (BOI), to qualified Small and Medium Enterprises (SMEs) across the country.
The bank is prioritizing women entrepreneurs in this phase of disbursement, underscoring its commitment to promoting inclusive economic growth and supporting Nigeria’s SME sector.
Fidelity Bank has established a robust structure to ensure seamless onboarding and fund disbursement.
Leveraging its extensive branch network, digital banking platforms, and experienced relationship managers, the bank is well-positioned to reach and support entrepreneurs in both urban and rural areas.
The bank’s initiative aligns with its ongoing efforts to empower SMEs through various programs and partnerships.
Recently, Fidelity Bank launched the Fidelity SME Empowerment Programme (FSEP), providing growth-ready SMEs with essential tools and training.
The FGN MSME Intervention Fund will further advance the bank’s commitment to empowering small and medium-sized enterprises by expanding access to affordable financing and strategic support.
Through this fund, Fidelity Bank aims to deepen its impact on Nigeria’s MSME ecosystem, fostering sustainable growth, job creation, and economic resilience across the country.
“As a bank deeply committed to the growth of SMEs, we are proud to partner with the Federal Government and the Bank of Industry on this critical intervention.
“We recognize the resilience, innovation, and pivotal contributions of women-led enterprises in driving wealth creation and employment generation in Nigeria,” said Osita Ede, Divisional Head, Product Development at Fidelity Bank Plc.
This initiative is a testament to Fidelity Bank’s dedication to supporting Nigeria’s economic development and promoting financial inclusion.
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