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Why We Are Offering Banking Solutions To SMEs –Skye Bank GMD

Job creation, knowledge sharing and entrepreneurship are some the reasons why Skye Bank id empowering Small and Medium Enterprises

Afolabi Idowu

The Group Managing Director (GMD) of Skye Bank, Mr. Timothy Oguntayo has pointed out that Small and Medium Enterprises are major contributors to employment in Nigeria and other countries worldwide. Oguntayo said this a a forum organized recently by the bank with over 200 entrepreneurs in attendance at NECA Hall, Alausa, Ikeja. Following the success of its Small and Medium Enterprise (SME) Seminar in Onitsha, Anambra State last month, Skye Bank Plc had recently held the Lagos edition of its seminar for business owners in the SME sector at Ikeja.

Speaking at the event Oguntayo added, “Skye Bank wants to facilitate knowledge sharing and offer banking solutions that will help businesses. There is no way for multinationals to employ all the teeming young people who are seeking employment, therefore, the role of SME’s in employment cannot be over emphasized.” Keynote Speaker, and Vice Chairman of Tantalizers, Mr. Folu Ayeni, shared his success story on the rapid growth of Tantalizers from a small living room venture to a large scale business with 53 outlets nationwide Ayeni recalled how Skye Bank provided the initial N2.5 million seed capital that was used to start the business. He charged the participants to come up with bright, profitable business ideas, and package the ideas properly, saying: ‘If no one is listening to your ideas, go to Skye Bank.”

Contributing to Mr. Ayeni’s statement, Mrs. Funke Fowler- Amba, urged the participants to get training on their vision in order to make it a reality. Questions raised by participants at the seminar, were appropriately addressed by Skye Bank representatives who revealed that the next SME Seminar will take place in Ibadan, Oyo State. The SME initiative is part of the Skye Bank’s contribution towards encouraging small businesses, thus developing the Small and Medium Enterprise (SME) sector of the Nigerian economy.

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