Fidelity Bank Deepens Support for Abuja SMEs with Affordable Financing 

Nume Ekeghe

Fidelity Bank Plc has reiterated its commitment to supporting the growth and competitiveness of small and medium-sized enterprises (SMEs) through improved access to affordable financing, business advisory services and capacity-building initiatives.

The bank reaffirmed this commitment at the Abuja edition of its quarterly SME Business Forum.

Speaking at the event, Executive Director, North Directorate, Fidelity Bank Plc, Sufiyanu Garba, reiterated the bank’s commitment to supporting entrepreneurs with financing, knowledge, connections and solutions, while urging business owners to strengthen their financial discipline, structures and use of technology.

“A business may record strong sales and still struggle with cash flow. Sustainable growth requires business owners to understand what drives profitability, manage costs and working capital effectively, keep reliable records and use technology to make better decisions. These are the disciplines that position businesses to access finance, pursue larger opportunities and compete successfully,” he said.

He emphasised that Fidelity Bank provides financing solutions covering working capital, overdrafts, term lending, asset and equipment finance, trade finance and structured lending, tailored to businesses’ funding needs and operating cycles. 

Commending the initiative, Secretary of the Iron Dealers Association, Mararaba, Okwuchukwu Okolo, described the forum as a valuable opportunity for entrepreneurs to engage directly with the bank and relevant regulatory agencies.