Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds

Reaffirms Help for Girls Entrepreneurs

Tier One Lender, Fidelity Bank Plc, has commenced the disbursement of the Federal Authorities of Nigeria’s (FGN) MSME Intervention Funds, administered by the Bank of Industry (BOI), to certified SMES with a strategic concentrate on empowering women-owned companies throughout the nation.

The FGN MSME Intervention Fund is designed to offer accessible financing to micro, small, and medium enterprises (MSMEs) throughout all 36 states of the federation. The intervention aligns with Fidelity Bank’s dedication to inclusive financial progress and its long-standing help for Nigeria’s SME sector. On this part of the disbursement, the financial institution is prioritizing girls entrepreneurs, reinforcing its perception within the catalytic function of women-led enterprises in driving sustainable growth and job creation.

Talking on the event, Osita Ede, Divisional Head, Product Improvement at Fidelity Bank Plc, mentioned, “As a financial institution deeply dedicated to the expansion of SMEs, we’re proud to companion with the Federal Authorities and the Bank of Industry on this essential intervention. For this part, we’re putting girls on the forefront as a result of we acknowledge their resilience, innovation, and pivotal contributions to wealth creation and employment era in Nigeria.”

Fidelity Bank has additionally put in place a strong construction to make sure seamless onboarding and fund disbursement. Leveraging its nationwide department community, digital banking platforms, and skilled relationship managers, the financial institution is poised to succeed in and help entrepreneurs throughout city and rural communities.

The financial institution’s emergence as a essential participant within the disbursement of the FGN MSME intervention Fund strongly aligns with its ongoing initiatives because the main supporter of SMEs in Nigeria. Not too long ago, the Constancy SME Empowerment Programme (FSEP) was launched at its Gbagada SME Hub in Lagos. This flagship initiative supplied 100 growth-ready SMEs with ERPRev-enabled POS programs, enterprise software program, receipt printers, barcode scanners, stock help, bookkeeping and branding coaching, three-day masterclasses, and 6 months of post-installation monitoring—all for free of charge.

Earlier in Might 2025, Fidelity Bank additionally signed an MoU with SMEDAN, Nigeria’s Small and Medium Enterprises Improvement Company, to ship SME-friendly low-interest financing, capacity-building help, and market entry for SMEs referred below the settlement.

“Our imaginative and prescient goes past financing. We’re constructing an ecosystem of help for SMEs by providing capacity-building applications, mentorship alternatives, and market entry. Girls entrepreneurs, particularly, will profit from a bigger share of the fund as a part of our broader technique to advertise gender inclusion”, Ede added.

The FGN MSME Intervention Fund will additional advance the financial institution’s dedication to empowering small and medium-sized enterprises by increasing entry to reasonably priced financing and strategic help. By means of this fund, Fidelity Bank goals to deepen its influence on Nigeria’s MSME ecosystem, fostering sustainable progress, job creation, and financial resilience throughout the nation.

Ranked among the many greatest banks in Nigeria, Fidelity Bank Plc is a full-fledged Industrial Deposit Cash Financial institution serving over 9.1 million prospects by means of digital banking channels, its 255 enterprise workplaces in Nigeria and United Kingdom subsidiary, FidBank UK Restricted.

The Financial institution is the recipient of a number of native and worldwide Awards, together with the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Monetary Establishments (BAFI) Awards; the 2024 Most Modern Cellular Banking Software award for its Constancy Cellular App by International Enterprise Outlook, and the 2024 Most Modern Funding Banking Service Supplier award by International Manufacturers Journal. Moreover, the Financial institution was acknowledged because the Finest Financial institution for SMEs in Nigeria by the Euromoney Awards for Excellence and because the Export Financing Financial institution of the 12 months by the BusinessDay Banks and Monetary Establishments (BAFI) Awards.