Adeduntan, FirstBank’s CEO Pledges Support for SMEs


Dr Adesola Adeduntan, the Chief Executive Officer, FirstBank Nigeria Limited, on Tuesday, restated the commitment of the bank towards empowering Small and Medium Scale Enterprises, SMEs.

He reaffirmed this during the Lagos State Economic Summit ‘Ehingbeti 2021’ that featured a group of international and business leaders that gathered to discuss the theme: ‘For a Greater Lagos: Setting the Tone for the Next Decade.’

The FBN helmsman assured Nigerians that the bank would continue to support small businesses with access to finance, saying it is presently the largest lender and would continue to empower SMEs with capacity building and basic tools to help grow their businesses.

“SMEs are an important aspect of what we do not just for us as a bank but because of the importance to the overall growth and development of the economy.

“As a bank, FirstBank, we have always been the largest lender to the SME sector, and we have a dedicated portal that we call SME to connect, where we support SME providing them with what I call advisory services.

“Also, by ensuring that we up their skills and capabilities either in the areas of preparing basic account statement, assisting them with choice for technology and just supporting them to work through the cheque.”

Adeduntan, who described the bank as a pioneer of specialised support towards SMEs added, “I am also aware that the number of banks does have a similar system, the SME connect platform is something that we have had in the bank for the past 6 to 7 years and it’s something that we are continuously refining, we refine it regularly, updating it regularly.”

The FBN boss commended the Central Bank of Nigeria (CBN) commitment towards supporting SMEs through its collaboration with the bankers’ committee.

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