First City Monument Bank (FCMB), has explained that its comprehensive capacity building programme, tagged: “Business Enterprises and Sustainability Training (BEST),” is to lay a solid foundation for the long-term success for small businesses.
Besides, it is to enable Small and Medium Scale Enterprises (SMEs) have access to business management skills and advisory services, learn and acquire competencies for sustainable management of their respective businesses.
The bank recently held its sixth edition of the programme for existing and start-up businesses in Uyo, Akwa Ibom State, covering entrepreneurs from the six states in the South-south zone.
The initiative, led by FCMB Training Academy, the bank’s Business Banking Group, and facilitators, focused on business and skills development, marketing, finance and accounting for SMEs.
It covered various topical areas such as identifying business opportunities, surviving in a harsh business environment, improving productivity, raising capital, optimising sales, cost and revenue management, among others.
The programme is one of the value-added offerings of FCMB to complement its efforts in the areas of lending and advisory services to SMEs with the objective of stimulating their growth and contributions to overall national development.
The Executive Director, Business Development of FCMB, Mrs. Bukola Smith, said the bank recognises the increasing role and impact of SMEs.
‘’The BEST initiative is one of the innovative ways we empower, promote and support the growth of our SME customers because without effective training and exposure, it could be quite difficult for their businesses to succeed.
“We believe this training will go a long way to impact positively on the SME operators who have participated in this programme. We, therefore, urge the beneficiaries to take advantage of the unique opportunities provided by this exercise and take the lead in driving the diversification and growth of the Nigerian economy,” she said.
Head, FCMB Training Academy, Sola Oyegbade, added: “Just like the roots of a tree are responsible for the overall health and strength of the tree, BEST initiative has become a forum for feeding the SMEs with relevant resources to nurture and nourish their businesses profitably through tested and proven principles for capacity building, skills development and sustainability.
“FCMB Training Academy is playing its part as a skilful gardener alongside other stakeholders to ensure the sustained health and continuous growth of all the SMEs that have subscribed and partnered with us in the BEST initiative.”