Microsoft Collaborate with First Bank of Nigeria Limited to Empower Small and Medium Enterprises (SMEs) in Nigeria

As a way of furthering technology adoption, skills and capacity development amongst Small and Medium Enterprises (SMEs) in Nigeria, Microsoft and First Bank of Nigeria Limited, Nigeria’s number one SME Bank are collaborating to empower and create an enabling environment for SME’s in the country to thrive and find more creative ways to solve their business growth challenges.

In a bid to achieve increased product and service offerings to First Bank’s SME customers, First Bank and Microsoft have signed a Memorandum of Understanding for the purpose of providing SME’s value-added products, services and offerings covering certain business support services including access to premium content, business networks, capacity building initiatives and innovative offers of banking and technology services to First Bank’s SMEs.

This was made known at the MoU signing ceremony held at the Microsoft Nigeria Office, Victoria Island, Lagos recently. Speaking at the event, Deputy Managing Director, First Bank Nigeria, Gbenga Shobo expressed First Bank’s unwavering commitment to the business success of SMEs in Nigeria with its array of products and bespoke solutions, specially designed to help grow and sustain SMEs. He said, “We are committed to the development of Small and Medium Enterprises (SMEs) and ensuring their sustained business growth as well as providing the necessary tools to support that growth and Nigeria’s economy at large.”

In the same vein, General Manager, Microsoft Nigeria, Akin Banuso who was excited about how both organizations are empowering Small and Medium Enterprises (SMEs) to achieve more, mentioned that “Our approach at Microsoft has been one of empowerment and collaboration,” said Banuso. “Initially, our work with SMEs was strongly focused on bringing them online to boost their productivity and competitiveness. Over the years, as we have worked with and learned from SMEs, our focus has evolved to provide them with a more holistic and game-changing offering, which is: Access to technology, markets, finance, information, skills, and services.” He said

Microsoft’s commitments under the 4Afrika banner are focused on playing an active role in Africa’s economic development. For SMEs, this means empowering them to digitally transform, using technology to be more productive, competitive and in a position to scale across borders. We can help them do this by providing affordable devices, cloud-based software at pay-as-you-go models, anytime-anywhere access, and relevant training and content on how best to apply technology to their business.