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Fidelity Bank boosting SMEs to grow for export

Finishing touches are currently being given to the fourth stream of the Export management Programme at the Lagos Business School (LBS) being sponsored by Fidelity Bank as part of efforts to grow Small and medium Enterprises (SMEs).

The scheme, introduced last year was a model created to provide impactful ideas and world-class training needed to improve the competitiveness of Nigerian enterprises, specifically export-oriented businesses and the associated value players in the global market.

In a statement issued by the bank, the Chief Executive Officer, Mr. Nnamdi Okonkwo, as saying, “We are doing the tough job of financing the Small and Medium Enterprises in Nigeria. A sizeable number have export potential.

“It was therefore a natural fit for us to partner the LBS and the NEPC to make this capacity building initiative happen. A well-diversified Nigerian economy is germane to economic growth and development. When the economy grows, business flourishes and banking thrives better. It’s a win-win for all.”

According to the statement, the previous EMP streams were oversubscribed, underscoring the level of significance that people and organisations attached to the programme.

It added further that “At the completion of each stream, participants were awarded an Export Manager Certificate, including a post-programme Export Marketing Plan project.

“The curriculum for the programme covered areas such as Nigerian exportable items and locations; incentives for exports, domestic policies and export institutions; product development processes for export; exploring solid minerals for export and exporting services. Others included exporting services; business negotiation skills; roles of government inspection agents; role of Federal Produce Inspection Services; transportation and logistics management; export financing and documentation; and the African Growth and Opportunity Act.”