Stanbic IBTC Bank Plc has gone into partnership with the Enterprise Development Centre of the Lagos Business School, to host a capacity building series tagged: ‘Agri-Business Small and Medium Enterprises Investment Scheme .’The bank said the move was in furtherance of its commitment to help stimulate and grow a strong and viable small and medium scale enterprises sector in Nigeria.
The Agri-Business Small and Medium Enterprises Investment Scheme is an initiative of the Bankers’ Committee to provide support to and complement the federal government’s efforts at promoting Agri-businesses/Small and Medium Enterprises as a vehicle for sustainable economic development and employment generation.
“Stanbic IBTC’s commitment to building capacity among enterprises stems from its deep understanding of the important role enterprises play in providing linkages to industries, employment generation and driving growth of the economy,” he stated. According to him, the AGSMEIS initiative requires all deposit money banks to set aside five per cent of their annual profit after tax ; and as of December 2017, about N26 billion had accrued from all deposit money banks for the scheme.
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