As part of its effort to empower business owners and grow the business landscape in Nigeria, Wema has launched ‘Wema SME Business School’, a business school solely dedicated to equipping Micro, Small and Medium Enterprises (MSME) in the country.
According to the financial institution, a broad curriculum has been developed to empower business owners.
A statement by the bank on its social media handle reads, “In furtherance of our drive to help MSMEs scale and grow their businesses, we are excited to announce the launch of The Wema SME Business School
“It is designed to equip MSMEs with managerial skills and business tools to manage their businesses in an effective and profitable manner.
“We have developed a broad curriculum taught by internal and external facilitators.”
Similarly, on its website it emphasized that the school is set up to bridge the knowledge gap.
“Wema Bank is constantly creating avenues to enable it respond to the many challenges faced by SMEs in Nigeria. We have found that most of the pressing problems SMEs face are born out of a lack of knowledge/information. Problems such as access to finance, access to market, dealing with tech disruptions, multiple taxation etc.
“In response to this, the Wema Bank SME team is launching an SME Business School to equip SMEs with basic management knowledge required to guide them in the effective running of their businesses. The school curriculum is designed to close the knowledge gap that plagues most SMEs, leading to poor business structure and management.”
Wema bank has relentlessly shown support to small and medium enterprises with unique loan offerings and also bridging the gap in gender inclusion with special gender loan offerings for women.
Recently, the Bank at a webinar themed ‘Unbundling Tax, Legal and Compliance – Issues for SMEs’ stated that business education and registration was essential for any serious-minded entrepreneur to avoid floundering.
The webinar featured facilitators who shared insights on how SMEs can upscale their businesses and Wema products/services they can use.
Also, the Bank celebrated its 76th anniversary recently with a commitment to impacting society positively with its digital offerings.