Connect with us

Economy

Fidelity Bank Empowers SMEs with Business Management Systems

Published

on

Fidelity Bank Plc. has empowered Small and Medium Enterprises (SMEs) across Nigeria with practical business management systems to help them grow their businesses.

Fidelity Bank management also encouraged SMEs to adopt digital tools to enhance their operations and drive sustainable growth.

The call was made during the Fidelity SME Empowerment Program 2025, held on Wednesday, July 23, 2025, at the bank’s dedicated SME Hub in Gbagada, Lagos.

The event drew a large turnout of entrepreneurs and stakeholders alike.

It marked the official launch of Fidelity Bank’s initiative to equip 100 growth-ready SMEs with ERPRev-enabled POS systems and business support tools—at no cost to the beneficiaries.

Managing Director/CEO of Fidelity Bank, Dr. Nneka Onyeali-Ikpe, welcomed guests to the occasion.

Represented by Mr. Stanley Amuchie, Executive Director/Chief Operations and Information Officer, Dr. Onyeali-Ikpe emphasized the bank’s commitment to SME development.

Mr. Amuchie said: “At Fidelity Bank, we believe SMEs are not just the backbone of our economy—they are the architects of innovation, resilience, and inclusive growth.

“Through the Fidelity SME Empowerment Program (FSEP), we are providing 100 entrepreneurs with the tools, training, and support they need to thrive in today’s digital economy.”

Through the initiative, benefiting businesses will receive the following:

  1. a fully installed POS desktop system,
  2. ERPRev business software,
  3. receipt printer and barcode scanner,
  4. inventory data input support,
  5. financial and bookkeeping training,
  6. branding and onboarding support,
  7. six months of post-installation monitoring; and,
  8. a free Fidelity POS with instant settlement.

The three-day program features high-impact trainings, masterclasses, and networking opportunities designed to spark innovation, build partnerships, and unlock new markets.

See also  Fidelity Bank hits big, rejoins trillion-naira market capitalization club

Speaking at the event, Mrs. Adaonah Kene-Uyawaune, CEO of Manmark -Fidelity Bank’s strategic partner, noted:

“This digital transformation initiative is a game changer.

“It replaces manual bookkeeping with a unified system that simplifies accounting, inventory, HR, and profitability tracking.

“These tools are not handouts—they are instruments for long-term business success.”

According to the Nigerian Bureau of Statistics, SMEs make up 96% of all businesses in the country, employ over 80% of the workforce, and contribute nearly 50% to the national GDP.

Despite their critical role in the economy, many still rely on manual processes that hinder efficiency and limit access to finance.

Fidelity Bank’s intervention is, therefore, considered both timely and strategic by observers.

One observer noted that providing SMEs with the digital tools and support they need to streamline operations, improve transparency, and unlock new growth opportunities is a real game changer.

Fidelity Bank, meanwhile, is ranked among the best banks in Nigeria.

It is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels.

It has 255 business offices in Nigeria, with a United Kingdom subsidiary, FidBank UK Limited.


For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest from DDM TV

Latest Updates

Israel Halts Fire, But Only Briefly, as Gaza Starves

Border Burns While Trump Claims Thai-Cambodian Truce Is Near

Israel Storms Gaza Aid Vessel Handala, Sparks Global Outcry

BREAKING: Israel Begins First-Ever Aid Airdrops Over Gaza

Shock in Cameroon: Biya’s Top Rival Barred from Presidential Race

BREAKING – Terror at Walmart: Multiple Stabbed in Michigan Store Rampage

BREAKING: Mission X Complete! Falcons Beat Morocco to Win WAFCON

JUST IN: Super falcons beat Morocco 3–2 in WAFCON thriller

Europe Burning: Greece’s Kryoneri and France’s Aude Ravaged by Firestorms

Underwhelming performances haunt super falcons in first half against Morocco

Subscribe to DDM Newsletter for Latest News

Get Notifications from DDM News Yes please No thanks