Group Head, Media and External Relations United Bank of Africa (UBA), Nasir Rahman, had called for greater support on the path of the Federal Government to support Small and Medium-sized Enterprises.
According to him, if the government can assist small businesses that can in turn employ at least five people in a community, means five thousand people will be employed and there will be a reduction in unemployment.
He lamented the government’s attitude of closing down shops and asking for taxes instead of supporting them to grow.
“Government must find a way to support SMEs and not close their eyes if we must grow as a country because SMEs are the engine of any society,” he said.
Nasir while stating his bank’s impact to SMEs in a Workshop that was organized by the Labour Writers Association of Nigeria, (LAWAN) over the weekend at Abeokuta said the bank has an established special account for the support of SMEs.
“When you walk into our bank as a business person you will be directed first to our SME special desk that was set up for SMEs where you will open a direct UBA SME Account with low-interest facilities, a fixed monthly charges that are not based on the value of a business. We give access to loans and provide a digital market for SMEs so that they can market their products, and we also support Lagos Trade Fair,” he said.
He explained that the special SME account of UBA comes with low-interest facilities and was set up to help SMEs in the country to strive and reduce unemployment.