Stanbic IBTC Bank, Google take digital education to SMEs in Kaduna

11 Nov 2016

Operators of Small and Medium Scale Enterprises (SMEs) in Kaduna and its environs will have an opportunity to acquire digital skills that will help transform their businesses as Stanbic IBTC Bank and Google organize a digital capacity building session in the city.


The event is part of the continuation of the collaboration which Stanbic IBTC Bank, a member of Stanbic IBTC Holdings PLC, and technology company, Google, sealed earlier in the year designed to empower the youth and operators in the SME segment in Nigeria with digital skills for economic advancement.


The Kaduna session is scheduled to hold on November 15, 2016 at the Kaduna Business School. Participants will be drilled in such areas as ePayment and online banking, digital marketing and the use of digital platforms for sustainable business growth as well as hiring and retaining third parties.


The partners said by organizing capacity building sessions across the country, they hope to build a critical mass of businesses through increased adoption of digital technology which will subsequently enhance their contribution to economic development.


Head, SME Banking, Stanbic IBTC Bank, Obinnia Ukachukwu, said the participants will derive game-changing benefits by adopting new approaches to business, especially as the deployment of technological innovation has the capacity to boost efficiency and reduce costs, enhance better understanding of customers and their needs, increase revenue and even create an entirely new customer base or market.


“The SME segment is pivotal to the economic growth and development of any nation.  Our commitment to the growth of the SME segment has over the years been demonstrated through the various digital banking products and support from Stanbic IBTC Bank’s stable. We have launched an internet banking offering specifically for SMEs as well as SME BizDirect, a personalized digital banking platform,” he stated.


Head of Digital Education, Google Africa, Bunmi Banjo, said the capacity building session aims to digitally empower about one thousand SMEs in Nigeria in one year. It also entails further trainings focused on general digital skills for proprietors of SMEs who are between 18 and 35 years of age. "This is a project we are very enthusiastic about. With almost 100 million online subscribers, Nigeria continues to be one of the highest online populations in the world. And this presents big opportunities for the small and medium business sector. We believe that when these SMEs have the right digital skills, they can better leverage the Internet to grow their businesses, create more jobs and boost economic growth in Nigeria."




Stanbic IBTC Bank is a member of Stanbic IBTC Holdings PLC, a full service financial services group with a clear focus on three main business pillars - Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Stanbic IBTC belongs to the Standard Bank Group, the largest African financial institution by assets and market capitalization. It is rooted in Africa with strategic representation in 20 countries on the African continent. Standard Bank has been in operation for 153 years and is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure.