Lagos, Nigeria – In a major push to digitize Nigeria’s SME sector, Fidelity Bank has launched an empowerment program providing 100 growth-ready businesses with complete digital business solutions – absolutely free.
Key Offerings for Selected SMEs:
ERPRev-enabled POS system
Inventory management software
Automated accounting tools
Six months of expert monitoring
Free Fidelity POS with instant settlement
Why This Matters:
With SMEs constituting 96% of Nigerian businesses and employing 80% of the workforce, Fidelity Bank’s MD Dr. Nneka Onyeali-Ikpe stated:
“SMEs are Nigeria’s economic architects. This program gives them the digital tools to build stronger futures.”
Program Highlights:
3-day intensive training on digital business management
Masterclasses from industry experts
Networking opportunities with potential partners
Post-installation support for 6 months
Strategic Impact:
The initiative directly addresses critical SME challenges:
84% of Nigerian SMEs still use manual bookkeeping (NBS 2025)
Digital adoption can increase productivity by 40%
Automated systems improve access to financing
Partner Perspective:
Mrs. Adaonah Kene-Uyawune (CEO, Manmark) emphasized:
“This isn’t charity – it’s equipping SMEs with weapons to win in the digital economy. One POS system can transform an entire business ecosystem.”
Bank’s Track Record:
Fidelity Bank brings credibility as:
Best Bank for SMEs in Nigeria (Euromoney 2024)
Excellence in Digital Transformation Award winner
Serving 9.1 million customers across 255 offices
Next Steps for SMEs:
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Applications open until August 30, 2025
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Selection based on business viability and growth potential
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First batch deployment starts September 15
Expert Take:
Financial analysts project this intervention could:
Create 5,000+ new jobs in 12 months
Increase participating SME revenues by 35% average
Set new standards for SME banking in Africa
“When SMEs thrive, Nigeria thrives. That’s why this digital leap matters for all of us,” concluded Dr. Onyeali-Ikpe’s representative at the Lagos launch event.
