{"id":2009,"date":"2021-09-20T13:00:32","date_gmt":"2021-09-20T12:00:32","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=2009"},"modified":"2021-09-20T13:00:32","modified_gmt":"2021-09-20T12:00:32","slug":"heritage-bank-boss-sekibo-urges-govt-stakeholders-to-prioritise-smes-youth-entrepreneurship","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/heritage-bank-boss-sekibo-urges-govt-stakeholders-to-prioritise-smes-youth-entrepreneurship\/","title":{"rendered":"Heritage Bank Boss, Sekibo Urges Govt, Stakeholders To Prioritise SMEs, Youth Entrepreneurship"},"content":{"rendered":"<h3><span style=\"font-size: 18pt;\"><strong>The Managing Director\/CEO of Heritage Bank Plc, Ifie Sekibo has urged stakeholders and governments at all levels to prioritize conscious inclusion of Small and Medium Enterprises and youth entrepreneurship in bridging the gap to attain sustainable solutions to economic recovery as it is the most impactful route to drive lasting and meaningful growth<\/strong>.<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u00a0Sekibo gave this submission on the sidelines of the 14th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN) with a theme: \u201cEconomic Recovery, Inclusion &amp; Transformation: The Role of Banking and Finance.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">According to him, one of the key areas where government, financial institutions and other stakeholders can move this nation from poverty to prosperity is through conscious creation of viable environment for small businesses and young entrepreneurs to thrive because they are the backbone of local economies around the world \u2013 they happen to be the biggest employers, job creators and contributors of the national gross domestic products.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cWe cannot talk about moving from poverty to prosperity without taking SMEs very seriously in this country.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cWe must support the SMEs sector reform through providing infrastructure, providing loans to farmers and ensuring interest rate loans is single digit,\u201d he affirmed.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Sekibo, who was represented at the conference by the Regional Head Abuja-1, Daniel Oniko, stated that giving SMEs and young entrepreneurs leverage to contribute immensely to the development of their host community through engaging the youths and unemployed individuals will bring about and facilitate economic recovery.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">He emphasized that the role of SMEs in creating and sustaining national development in relation to job creation has been considered a key tool in modern-day poverty alleviation, economic emancipation, and total well-being.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">The MD, however disclosed that \u201cOne of Heritage Bank\u2019s major cardinal point as a bank is supporting micro, small and medium scale businesses and our strong desire to see young men and women succeed in any area of their business.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">This will help the society and economy to grow, thereby moving the nation from poverty to prosperity, he added. He noted that Heritage Bank was taking the lead through various initiatives such as its youth entrepreneurship development programmes which were aimed at increasing the contributions of the MSME segment to the economy.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">He further explained that the entrepreneur schemes of the bank in the support for business had always focused on dependable job-creating sectors such as the agricultural value chain: fish farming, poultry, snail farming, etc., cottage industry, mining and solid minerals, creative industry: tourism, arts and crafts, and Information and Communication Technology (ICT).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Speaking earlier, the Vice President Yemi Osinbajo, said emerging challenges require that the banking and finance sector takes on more transformative projects such as housing and renewable energy.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">The VP acknowledged that the banking and finance sector has over the years played significant roles in the nation\u2019s economic development.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">According to the Vice President, \u201cit is time for the sector to take on some of the transformative big-ticket items that would fundamentally transform our economy. Such matters include consumer finance but housing finance.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">In his goodwill message, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele stated that the banking sector remained well positioned to support the recovery efforts of the monetary and fiscal authorities.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">&#8220;Clearly, Nigeria\u2019s banks have become not only strong and resilient but have also carved a good niche in the world to consolidate on the growth and resilience of the banks in the last decades\u201d, he added.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Managing Director\/CEO of Heritage Bank Plc, Ifie Sekibo has urged stakeholders and governments at all levels to prioritize conscious inclusion of Small and Medium Enterprises and youth entrepreneurship in bridging the gap to attain sustainable solutions to economic recovery as it is the most impactful route to drive lasting and meaningful growth. &nbsp; \u00a0Sekibo [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[8],"tags":[1157,1156,857,212],"class_list":["post-2009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-entrepreneurship","tag-heritage-bank-boss","tag-sekibo","tag-smes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Heritage Bank Boss, Sekibo Urges Govt, Stakeholders To Prioritise SMEs, Youth Entrepreneurship &#8212; Business Bells<\/title>\n<meta name=\"description\" content=\"This will help the society and economy to grow, thereby moving the nation from poverty to prosperity, he added. 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