Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced its partnership with the Lagos State Employment Trust Fund to train Small and Medium-Sized Enterprises in entrepreneurship.
The Chief Executive, Dr Demola Sogunle, announced this in a statement made available to Financial Street on Tuesday.
He explained that the training is coming through a series of financial planning sessions tagged ‘Managing Your Finances.’
According to the statement, Stanbic IBTC, through its regular financial planning sessions, has trained individuals, entrepreneurs and business managers in personal and corporate finance.
He also said the training will enhance the beneficiaries in the areas of wealth creation, business management and financial management.
Sogunle noted that the collaboration between Stanbic IBTC and the LSEFT reflected the financial institution’s commitment to the growth and development of Nigerians and the economy.
He also commended the LSEFT for the promotion of entrepreneurship through improved access to finance, strengthened institutional capacity of SMEs and policies formulated to improve the business environment in Lagos State.
He assured the LSETF of Stanbic IBTC’s resolute support in the development of SMEs in Nigeria.
“This partnership is crucial because we will be taking beneficiaries through our highly specialised financial planning sessions where they will gain knowledge in different areas of financial management.
“We hope the insights from this engagement will accelerate their entrepreneurial growth and empower them with the requisite financial knowledge to thrive in life and business,” he said.
Sogunle equally noted that “Stanbic IBTC embraces the opportunity to contribute to achieving the global sustainable development goals, amongst which are: reduction in the levels of poverty and hunger, economic growth and reduction in inequality.”
The partnership, he added, has not only supported entrepreneurs and business owners but contributed to the achievement of the United Nations-backed Sustainable Development Goals.
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