MSMEs Archives — Business Bells

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Tag: MSMEs

  • Advans Expands Nigeria’s Market with New Lagos Office, Introduces Products For MSMES And Individuals

    Advans Expands Nigeria’s Market with New Lagos Office, Introduces Products For MSMES And Individuals

     

    Advans La Fayette Microfinance Bank, a leading international microfinance institution with a national CBN license has expanded its Nigeria market with the unveiling of a new Lagos office – Ikorodu branch, increasing access to its range of quality and reliable financial products for MSMEs and individuals in the country.

     

    The Advans Group has banking services trusted by over a million clients in 9 African and Asian countries (Cambodia, Cameroon, Ghana, Congo (DRC), Ivory Coast, Myanmar, Tunisia, Pakistan, and Nigeria).

     

    In Nigeria, the bank started full operation in February 2013 and has built a strong client base and strong financial services experience, being able to answer to all the financial needs of micro, small and medium scale businesses.

     

    Speaking on the bank’s expansion drive at the event in Lagos, on Monday March 22, 2021, the Managing Director/CEO, Gaetan Debuchy said, “It is always a great pleasure to launch a new branch. Ikorodu branch is our 16th branch in Nigeria, and the 4th in Lagos. As we continue our network expansion in 2021, we plan to open 9 new branches! Our objectives are to be closer to businesses, serve more clients effectively, and have more positive impact on Nigerian businesses’’. ‘‘I invite all business owners in and around Ikorodu to join us and experience our quality service.”

     

    Debuchy went on to say that customers are at core of all their innovative solutions, such as: affordable individual and group loans for up to N75m with flexible collateral requirements, savings and term deposits with very high interest rates, secure debit cards, a reliable mobile app, insurance, mobile tellers, cheques, and Agency banking services (in collaboration with over 200,000 Opay/Paga partner-agents across Nigeria).

     

    Also at the event were the Advans Nigeria Board Chairman, Mr. Grégoire Danel Fedou, the Deputy CEO, Mr. Jean-Luc Nzoubou, as well as other members of the Bank’s Management Committee, and the Press.

    L-R: Osaji Martins, Area Manager Lagos, Advans La Fayette Microfinance Bank ; Gaetan Debuchy, Managing Ditector; Jeanluc Nzoubou, Deputy CEO; Abiodun Olayinka, Branch Manager, Ikorodu and Daniel-Fedou Gregoire, Board Chairman at the commissioning of the Ikorodu Branch on Monday March 22, 2021

    Mr. Nzoubou, quipped: ‘‘We have an ongoing savings promo called the Yakataa savings promo where anyone who opens a regular savings account between now and March 31st, 2021 will earn a double interest of up to 12%. There is also a VIP specialised service for High Networth Individuals across our major branches in Lagos, Kwara, Oyo and Ogun states. Our Client Relationship Officers are trained and trusted to provide you with relevant financial advisory to take your business to the next level. Our branches and Call Center are also open from Monday to Saturday every week to serve clients’’.

     

    “All loans come with no prior savings requirements, flexible collateral, affordable interest rates charged on a declining balance. We also offer moratorium & flexible repayment plans, full insurance cover on all loans, and a dedicated Client Officer, to monitor your business for growth in all stages of the loan cycle”. He added.

  • FG Pledges Commitment To Socio-Economic Transformation Through MSMEs

    FG Pledges Commitment To Socio-Economic Transformation Through MSMEs

    The Federal Government has pledged its continued commitment to the socio-economic transformation of Nigeria through the Micro, Small, and Medium Enterprises (MSMEs).

     

    Dr. Dikko Radda,  Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), gave the assurance during a dialogue session organized by the agency for MSMEs support organizations in Owerri on Thursday.

     

    Speaking on the topic: “ MSME Support Organisations  Synergise Towards Effective Coordination of MSME Activities”, Radda described MSMEs as the engine for socio-economic transformation.

     

    Radda, who  was represented by the Director, Partnership and Coordination Department of SMEDAN, Mr. Friday Okpara,

     

    said that the agency had developed many programs to ease access to the basic needs of MSMEs orchestrated by the COVID-19 pandemic.

     

    He also said that the agency would synergize with business membership organizations from private and public sectors of the economy so as to reposition MSMEs for global competitiveness.

     

    He called for more commitment at the state and Local Government levels where MSMEs are domiciled saying that this will drive wholesome implementation of strategies for economic growth.

     

    “MSMEs are considered as the engine of socio-economic transformation globally because they can generate more jobs than any other sector if properly harnessed and coordinated.

     

    “SMEDAN will synergize with support organizations to reposition MSMEs for national and global competitiveness especially with the take-off of the Africa continental free trade area agreement.

     

    “Achieving massive employment generation, wealth creation, and poverty reduction in this COVID-19 era requires an innovative approach such as this,” he said.

     

    Also speaking, Commissioner for Commerce and Industry, Imo, Mr. Simon Ebegbulam, expressed optimism that MSMEs would give birth to several industries in the country if sustained and well managed.

     

    Ebegbulam, who was represented by the ministry’s  Director of Industry, Mrs. Eucheria Onwukwe, thanked SMEDAN for organizing the dialogue and urged participants to strengthen their commitment to MSMEs.