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Keystone Bank wants SMEs to boost employment

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Keystone Bank wants SMEs to boost employment

In line with the Federal Government’s recent policies and drive to enhance economic growth, Keystone Bank Nigeria Limited has reiterated its commitment to support the growth of small and medium scale enterprises (SMEs) in Nigeria.

According to the bank, SMEs have the capability to tackle the rising unemployment crisis in the country if provided with a conducive ecosystem with which to thrive.

Acting Managing Director of the bank, Mr. Hafiz Bakare, who stated this recently, while noting the importance of SME’s to the growth of the economy, added that supporting the SMEs to grow is not the purview of only the government.

“While the government is making efforts to increase the ease of doing business in Nigeria, Financial institutions have a significant role to play in supporting SMEs and this is why Keystone Bank is repositioning its GrowBiz Account to create financial options for businesses”, he said.

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Mr. Bakare pointed out the importance of SMEs to the development of the nation’s economy, noting that they provide a means of employment generation, improvement of local technology, output diversification, development of indigenous entrepreneurship and forward integration with larger-scale industries.

“Today in Nigeria, many factors have contributed to the underperformance of micro enterprises and their contributions to economic growth. We at Keystone Bank seek to help bridge the gap by not only providing finance, but by offering financial advisory services and relevant platforms to assist in business growth”.

Keystone Bank, he said, “has been at the forefront of supporting micro enterprises as it drives economic growth from the grass roots of the society. Recently, the bank in conjunction with the Enugu State Ministry of Commerce & Industry provided support to Micro, Small and Medium scale enterprises within the state as part of an on-going government initiative”.

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