Stanbic IBTC Bank has pledged to bolster the expansion of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria by forming strategic alliances with state authorities that focus on fostering healthy business climates. This initiative was highlighted during the bank’s Nigeria Business Summit in Aba, a collaborative effort with the Abia State government that provided local entrepreneurs with expert guidance on funding, enterprise advisory support, and essential skill development.
Mazi Michael Enyinnaya Akpara, the Commissioner for Industry and SMEs, confirmed that Abia State is working to become a top-tier hub for commerce through targeted policy changes. The government is currently drafting an MSME Policy to formalize growth strategies and is building a statewide directory to help businesses gain exposure and attract investment. Furthermore, the state is preparing for the 2026 Abia Expo, a project dedicated to promoting locally made goods and establishing the region as a primary center for high-quality production.
Chuma Nwokocha, Chief Executive of Stanbic IBTC Holdings, emphasized that scaling a company requires a combination of capital, strategic intelligence, and market access. He noted that the bank intends to support business maturation through structured lending and advisory services. Remy Osuagwu, Executive Director of Business and Commercial Banking at Stanbic IBTC, added that the bank is committed to delivering practical support directly to entrepreneurs across the nation, ensuring that resources are available exactly where businesses operate.
