Lagos Business School and Stanbic IBTC partner to enhance capacity for Agribusiness entrepreneurs in Nigeria

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The Enterprise Development Centre (EDC) of the Lagos Business School and Stanbic IBTC have partnered to  host a capacity building series tagged: ‘Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS)’. The forum is targeted at operators in agric businesses in Nigeria.

Stanbic IBTC 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 bank noted that the AGSMEIS capacity training would hold between Tuesday, February 26, 2019 to Wednesday, March 6, 2019.

The bank also said the programme offers a wide array of banking solutions as well as funding, skills acquisition and other support to the Small and Medium Enterprises (SME) sector.

The Agri-Business SME Investment Scheme is an initiative of the Bankers’ Committee to provide support to and complement the Nigerian government’s efforts at promoting Agri-businesses/SMEs as a vehicle for sustainable economic development and employment generation.

The scheme aims to address capacity building, technical assistance to Micro, Small and Medium Enterprises (MSMEs) and their funding challenges through Participating Financial Institutions (PFIs).

Speaking on the training, the Head of Enterprise Banking, Stanbic IBTC Bank Plc, Ayodele Ojosipe expressed the bank’s commitment to providing the right support and solutions for individuals and businesses to achieve their goals.

Ojosipe said “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 revealed that the seminar includes essential topics such as Understanding your Market (Competition Analysis, Marketing Plan, Segmentation); Operation and Business Model; Business Plan (Template review and Development); and Understanding the AGSMEIS Application Process Pitching Activity.

The Head of Business Banking at Stanbic IBTC Bank, Remy Osuagwu, who also spoke on the initiative said “our key mandate of financial intermediation ensures that we are mindful of providing the right support and solutions for individuals and businesses to achieve their goals and this workshop represents another opportunity for Stanbic IBTC Bank to help develop and sharpen participants’ business skills”.

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