In the first half of 2024, FCMB disbursed N180 billion in loans to over 800,000 MSMEs across various industries. This financial support has helped businesses improve operations, adopt new technologies, and become more resilient.
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In Nigeria, with over 37 million micro, small, and medium-sized enterprises contributing nearly half of the country’s GDP, access to finance must go hand in hand with supporting sustainable business practices. is at the forefront of this approach, promoting inclusive growth and sustainability.
According to Yemisi Edun, Managing Director of FCMB, MSMEs are crucial for economic growth: “We are committed to providing the financial and non-financial support MSMEs need to reach their full potential. Our work reflects our promise of shared prosperity through sustainable and inclusive growth, backed by a strong ecosystem that connects people, capital, and markets across Africa.”Sustainable banking is not only about profit but also about creating long-term value for society.
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