Heritage Bank Plc and the Bank of Industry (BoI) achieved a new feat in wealth creation and the curbing of unemployment among the youths, with the financing of the newly inaugurated Small and Medium Enterprise in Lagos.
The development, which both institutions said was part of their efforts to boost entrepreneurship in the country, will create employment and contribute to the recovery of the Nigerian economy.
Speaking at the opening of Live Well Bia Foods Outlet in Surulere, Lagos, the Managing Director of Heritage Bank Plc, Ifie Sekibo, said that his institution and BoI’s Small and Medium Enterprises supported programmes would take the country through the challenging times.
Represented by the consultant for the bank on Small and Medium Enterprises (SMEs), Mrs. Raliat Oyetunde, who is also the Chief Executive of Prinsult Consulting, he said: “It is in time of recession that new millionaires emerge. This is an opportunity for young ones between the ages of 18 and 35 to key into the various financing channels provided by Heritage Bank and BoI.”
According to him, the documentation and financing of this project was concluded with due diligence within six weeks which is a big feat.
“We need more young entrepreneurs like the Managing Director of Live Well Bia Outlet, Fadesola Adedayo, to take Nigeria to the next level because the outlet will be opened in 47 other locations across the country before the year ends.”