Fidelity Bank, AYE to Boost SMEs


In an effort to build the next generation of outstanding leaders, Fidelity Bank Plc has entered into a partnership with Africa’s Young Entrepreneurs (AYE) to boost Small and Medium Enterprises (SMEs) and to empower young entrepreneurs in the country.

The partnership will give Fidelity Bank the opportunity to offer financial and technical advisory services to enhance the competitiveness and dynamism of young Nigerian entrepreneurs and also strengthen the ongoing efforts and initiatives of AYE in developing and supporting future business leaders.

AYE, with a network of over 12.6 million members across the continent and 1.6 million Nigerian members makes it the largest network of entrepreneurs in the world. It is an organisation that exploits workshops, conferences and motivational talks to share practical information on how to develop and manage businesses.

Speaking at a press conference in Lagos, Managing Director/CEO of Fidelity Bank, Mr. Nnamdi Okonkwo, said the bank has empowered so many youths in the area of SMEs by teaching them skills and how to fish for themselves. He stated that the bank just finished training 500 youths in Port Harcourt and has also empowered 750 entrepreneurs in Kebbi State.

The partnership was made possible because Fidelity Bank shares the same ideals on entrepreneurship and job creation, which is in line with the Federal Government’s Economic Diversification Plan, saying that more employment opportunities lead to poverty alleviation, improved food security and GDP growth.

Meanwhile, the President of AYE, Mr. Summy Smart Francis, said the partnership was in line with efforts at building the next generation of outstanding leaders, who will shape the economic landscape of the continent.