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Wema Bank Launches SME Business School

Wema Bank has launched a Small and Medium Enterprises (SMEs) Business School.

Gatekeepers News reports that Wema Bank has demonstrated its commitment to the growth and development of Nigerian Small and Medium Enterprises (SMEs) with the launch of an SME Business School.

The SME Business School will equip SMEs with the basic management knowledge required to effectively run their businesses and respond to challenges in a demanding business environment.

The Retail Divisional Head, Dotun Ifebogun, said the school curriculum is designed to close the knowledge gap that plagues most SMEs in Nigeria, leading to poor business structure and management.

Ifebogun noted that the bank has support from the Frankfurt School of Finance and Management, Germany, for the school, with top-notch consultants from within and outside Nigeria as facilitators.

He said, “it is a free program that will hold twice a year across different regions in the country, starting with Lagos, with online and in-class sessions. The in-class session will run for five days, and we aim to educate and support 3,000 SMEs in the next two years.”

According to him, the initiative would be a boon to SMEs seeking to scale and consolidate their market positions.

Ifebogun further said, “As an SME-friendly bank, we understand that starting and running a business in Nigeria is no small feat, and there are lots of challenges that SMEs face. We have launched the SME Business School to equip them with relevant and practical knowledge to guide them in the effective running of their business and to surmount any challenge they encounter.

“We realized we can tackle problems such as access to finance, market access, dealing with tech disruptions, and multiple taxations. We decided to drive this with the Business School. The idea is to provide advisory services and equip them with fresh ideas and insights to take their business to another level.”

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