{"id":40088,"date":"2020-05-11T17:38:01","date_gmt":"2020-05-11T16:38:01","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=40088"},"modified":"2020-05-11T17:38:01","modified_gmt":"2020-05-11T16:38:01","slug":"covid-19-smes-partnership-rigorous-commitment-key-to-sustainable-economy-growth-sekibo","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/covid-19-smes-partnership-rigorous-commitment-key-to-sustainable-economy-growth-sekibo\/","title":{"rendered":"COVID-19: SMEs\u2019 Partnership, Rigorous Commitment Key To Sustainable Economy Growth- Sekibo"},"content":{"rendered":"

In light of the sharp dwindling in the global economy occasioned by Covid-19 pandemic, the MD\/CEO of Heritage Bank Plc, Ifie Sekibo disclosed that with partnership, truth, character and rigorous commitment to businesses, the micro, small and medium enterprises (MSMEs) stand to revamp the nation\u2019s economy for sustainable growth.<\/p>\n

He also stated that evidences have shown that for SMEs to continue to survive and remain the bedrock of any vibrant economy, the players must continuously reinvent themselves, complement each other, dream big, possess cutting edge ideas and think and rethink before venturing into businesses.<\/p>\n

Speaking during a webinar session, a virtual conference platform at the Upgrade Summit 2020, on the theme,\u00a0“Converting Ideas into Reality with Focus on SME’s” Sekibo emphasized the need for SMEs to look inward, learn and relearn, possess the spirit of self-sacrifice and believe, whilst advising that they must be bold and should not be afraid to fail because failing is not a failure and should not give up because they had failed.<\/p>\n

According to him, most entrepreneurs burn with ideas but they need to mine them so that they could blossom, remarking that they need to have mentors that will enable them to achieve their goals and sell the ideas.<\/p>\n

\u201cAmong small and medium-sized enterprises (SMEs) in Nigeria, there has been too much of an individual focus, rather than a holistic or intergenerational focus. There is not enough focus on partnership among Nigerian SMEs and this causes ventures to fail,\u201d Sekibo stated.<\/p>\n

Meanwhile, he reiterated that\u00a0more needed to be done in the area of empowering entrepreneurship sector by the government and financial institutions because it is an agent of development.<\/p>

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On Heritage Bank\u2019s efforts so far, the MD\/CEO affirmed that its philosophy\u00a0does not rely on traditional banking metrics like growth in the number of accounts, but according to him, \u201cone of our major cardinal point as a bank is supporting micro, small and medium scale businesses and our strong desire to see young men and women succeed in any area of their business. This will help the society and economy to grow, thereby moving the nation from poverty occasioned by Covid-19 to prosperous economy,\u201d he added.<\/p>\n

Sekibo, however, hinted that SMEs could take advantage of its products for seamless banking transactions to boost their businesses like Stockit, HBPadie and the newly launched 24\/7 alternate electronic platform via USSD Code *745#.<\/p>\n

\u201cWe have encouraged SMEs and customers alike to adopt the self-service platforms like *745*0# for balance enquiry, Funds Transfer (Within Heritage Bank): *745*1*Amount*Account Number#, self-airtime recharge: *745*Amount#, third party airtime recharge: *745*Amount*Mobile Number# and change pin: *745*00#,\u201d he said.<\/p>\n

He further explained that the entrepreneur schemes of the bank in the support for business had always focused on dependable job-creating sectors such as the agricultural value chain: fish farming, poultry, snail farming, etc., cottage industry, mining and solid minerals, creative industry: tourism, arts and crafts, and Information and Communication Technology (ICT)<\/p>\n","protected":false},"excerpt":{"rendered":"

In light of the sharp dwindling in the global economy occasioned by Covid-19 pandemic, the MD\/CEO of Heritage Bank Plc, Ifie Sekibo disclosed that with partnership, truth, character and rigorous commitment to businesses, the micro, small and medium enterprises (MSMEs) stand to revamp the nation\u2019s economy for sustainable growth.<\/p>\n","protected":false},"author":6,"featured_media":24392,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[6907],"coauthors":[2391],"class_list":["post-40088","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-covid-19-2"],"yoast_head":"\nCOVID-19: SMEs\u2019 Partnership, Rigorous Commitment Key To Sustainable Economy Growth- Sekibo - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/covid-19-smes-partnership-rigorous-commitment-key-to-sustainable-economy-growth-sekibo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19: SMEs\u2019 Partnership, Rigorous Commitment Key To Sustainable Economy Growth- Sekibo - 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