As part of efforts to support and promote the growth of the small and medium scale enterprises (SMEs), Skye Bank Plc has organised a capacity building seminar for entrepreneurs and other small scale business owners to help them succeed in their businesses.
The maiden Skye SME seminar with the theme “It is Possible,” held in Lagos Thursday, had in attendance many operators in the SMEs sector who came to gain fresh and new insights and trends into the operations, financing and management of SMEs.
The Group Managing Director/Chief Executive Officer, Skye Bank, Mr. Kehinde Durosinmmi-Etti, explained the seminar was part of the bank’s contributions to the development of SMEs in the country.
Durosinmmi-Etti, who was represented by the bank’s Executive Director, Corporate and Investment Banking, Mr. Timothy Oguntayo, said SMEs provided more opportunities and employment than the mining, oil and gas sectors.
“Without doubt, the SME sector has the capacity to drive and encourage indigenous business and rural economic development such that the whole country can be transformed to create productive economic activity for the people through which they earn their living and contribute to national development”, he said.
Noting that over 32 million Nigerians were involved the sector, the Skye Bank boss pointed out that the sector had the capacity to solve the unemployment problem in the country.
On her part, the General Manager, Retail Banking, Skye Bank, Mrs. Arinola Kola-Daisi, said SMEs constitute an important vehicle for national development as they have the capacity to integrate a large segment of the populace in productive economic activities.
Specifically, she said most economies in Asia such as Hong Kong, Singapore, South Korea, and Taiwan, owed their rise to economic pre-eminence, largely due to the existence of well-organised and efficiently-run SMEs.