FGN/Access Bank N30 Billion Grants to Empower Nigerian Youths and Women-Led Businesses

In a groundbreaking collaboration, Access Bank Plc has joined forces with the Federal Government of Nigeria to provide a substantial N30 billion in support of Micro, Small, and Medium Enterprises (MSMEs). The initiative, in line with Access Bank's dedication to fostering inclusivity, aims to bolster four million businesses, particularly those owned by women and youths across Nigeria.

Roosevelt Ogbonna, the Group Managing Director/Chief Executive Officer of Access Bank Plc, highlighted the significance of this partnership in a press interview following a meeting with Vice-President Kashim Shettima at the Presidential Villa in Abuja. Ogbonna expressed gratitude for the opportunity to collaborate with the Federal Government, emphasizing the shared commitment to empowering women. CONTINUE READING........

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"This initiative echoes our longstanding commitment to inclusivity, and we are privileged to align our efforts with the Office of the Vice-President’s mandate to prioritize the empowerment of women," said Ogbonna. "With more than 66% of Nigeria’s MSMEs owned by women and youths, challenges including access to finance, education, and mentorship remain prevalent. To bridge these gaps, we have designed four different programs to benefit no fewer than four million individuals and businesses across Nigeria."

The Senior Special Assistant to the President on Job Creation and MSMEs, Mr. Temitola Adekunle-Johnson, affirmed the Federal Government's readiness to collaborate with the private sector to support SMEs. He underlined the importance of public-private partnerships in fostering progress and commended Access Bank for its timely commitment.

"President Bola Ahmed Tinubu has told the entire world that Nigeria is ready, and our doors are open for partnerships that will be of benefit to the populace. Women are a key component, and we recognize the need for public-private collaborations in fostering progress, so this partnership with Access Bank has come at the right time," stated Adekunle-Johnson. CONTINUE READING.....

The programs, designed to address challenges such as access to finance, education, and mentorship, are expected to commence soon, providing valuable opportunities for MSMEs. Ogbonna emphasized that all beneficiaries would access the funds at discounted rates, expressing excitement about the prospect of deepening Access Bank’s impact in fostering sustainable and inclusive growth.

The collaboration between Access Bank and the Federal Government signifies a powerful commitment to supporting and uplifting the entrepreneurial spirit of Nigerian women and youths, setting the stage for transformative change and economic empowerment.

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