• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Innovative Ways Stanbic IBTC is Contributing to Nigeria’s Creative Sector

MSME Africa by MSME Africa
April 28, 2022
in Financial Services, News
0
Innovative Ways Stanbic IBTC is Contributing to Nigeria’s Creative Sector

Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC

Share

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, restated its commitment to develop sustainable impact in the global creative industry and contribute to the growth and advancement of the Nigerian creative industry through world-class products, value-driven opportunities, and partnerships.

The financial institution stated that it supported key stakeholders in the creative space through growth-oriented solutions and opportunities such as funding, visibility, partnerships, sponsorships, and collaborations that had alleviated some of the challenges the industry faced. It explained that its commitment to the sector stemmed from the creative industry’s potential in tackling unemployment in Nigeria through job creation.

Stanbic IBTC in partnership with entertainment industry players, established cinemas with advanced infrastructure. This is a testament to the organisation’s commitment to support the creative industry. Also, in line with the Central Bank of Nigeria (CBN)-led Creative Industry Financing Initiative, its banking subsidiary continued to set aside 5 per cent of its profit after tax to lend to the creative sector players at a subsidized interest rate. As such, individuals in the creative space have benefitted from flexible funding at low-interest rates that helped to drive the growth of the creative industry.

Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, said that, “The creative industry is filled with many brilliant young talents who are endowed with great potentials and Stanbic IBTC believes that if nurtured and harnessed strategically, the creative sector would make significant contributions to the Nigerian economy in enhancing competitiveness, productivity, substantial growth, and employment opportunities.”

Demola revealed that Stanbic IBTC has also supported initiatives like ‘The Entertainment Fair and Festival conference’ (TEFEST); an event targeted at fostering and showcasing world-class innovation around the entertainment business in Africa, and proffering solutions on improving the business relations of the industry.

Furthermore, to drive Nigeria’s creative advancement, Stanbic IBTC sponsored Art X and thus propelled awareness of the artistry and creativity of Nigerians to the world. The event positively impacted the economy as it provided talents with the opportunity to tell African stories through their arts and display their works to interested clients. The financial institution also gave room for students across various schools in Nigeria to be part of the experience, thereby exposing them to the artistic world and motivating them to harness their talents and skills.

Stanbic IBTC has continued to advance the growth of the country’s creative industry by connecting with and supporting players in the sector through its events and initiatives.  Thus, the leading end-to-end financial services provider has reaffirmed its position to be at the forefront of redefining the creative sector by providing solutions that promote advancement.

Post Views: 8
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • Call For Applications: AKTW 2024 Innovation Challenge (Over N5 Million in Cash)
    Call For Applications: AKTW 2024 Innovation…
  • Top 15 Social Media Marketing Tools for Nigerian Entrepreneurs
    15 Social Media Management Tools That Will Make Life…
  • Call For Applications: Bayer Foundation Women Empowerment Award 2024
    Call For Applications: Bayer Foundation Women…
Previous Post

Africa must prepare for the inevitability of a global food crisis – Akinwumi Adesina

Next Post

NIPC, GIZ-SEDIN Partner on Investment Promotion, Support to State Governments

Next Post
NIPC, GIZ-SEDIN Partner on Investment Promotion, Support to State Governments

NIPC, GIZ-SEDIN Partner on Investment Promotion, Support to State Governments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Federal Government Launches TVET Initiative To Empower Nigerian Youth With Industry-Relevant Skills
  • Call For Applications: IAHS ARC Research Mobility Grant for Early Career Hydrologists in Africa(Grant Amount is up to £1,500)
  • Call For Applications: 2025 Gender Just Climate Solutions Awards (Monetary Award of 5000 Euros and Travel to Attend the Awards Ceremony Held at COP30)
  • NADF, GIZ Push for Gender-Inclusive, Climate-Smart Financing to Boost Nigerian Agriculture
  • Nigeria Recommits to Africa’s Development with Fresh $500 million Trust Fund Boost – Edun

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.