Science & Technology

First Bank partners Microsoft, launches solutions to empower SMEs






By Stellamaris Ashinze and Chiazo Ogbolu

Lagos, Jan.18, 2019 (NNN) The First Bank of Nigeria (FBN) Plc, says it has partnered with Microsoft to create solutions that will empower and improve production for Small and Medium Enterprises (SMEs).

Its Deputy Managing Director, Mr Gbenga Shobo, spoke on Friday at the FirstBank Microsoft SMEs Partnership Launch in Lagos.

Shobo said that the target was to reach out to about 40 million SMEs and interested individuals.

The deputy managing director said that it was part of the activities marking the 125 years anniversary of the bank and its way of giving back to the society to grow the economy.

He said that the bank was paying attention to SMEs and technology because SMEs was very crucial and being a major part of the bank’s customers base.

According to him, FBN is creating more value for the SMEs and trying to connect their large customers’ multi-national services, products and work with them to give SMEs some added advantage.

”The SMEs can buy some of the Microsoft solutions at discounted rates, pay in naira as against the dollar, thereby removing the stress of exchange rate which is sometimes a challenge for the SMEs.

“They now have a portal where they can ask for advice on the products and some extra sales support we can also get Microsoft to give them.

”The SMEs may not have been able to get the Microsoft solutions and products on their own, but for the two being FBN customers have managed to put them together.

”We feel that SMEs are the major drivers of the economy in Nigeria today, because of the challenges of jobs creation and so most people are setting up businesses.

”The SMEs segment is so important to the livelihood of many Nigerians, and we have seen that SMEs have the ability to grow.

”The more the SMEs grows, the more it is beneficial to the bank and the more the economy will grow,” he said.

In his remarks, the Business Group Lead of Microsoft, Mr Wale Olokodana, said that every client, every person and every organisation needed to achieve success through the right patnership.

Olokodana said that without the right partnership, much could not be achieved.

According to him, that is why we are here today to partner with the leading bank in Nigeria as per mileage, taking SMEs seriously and working hard to empower SMEs to achieve their desired goals and digital transformation.

”Microsoft has been around since 2013 and over the years, we have worked with SMEs, not only to empower them through technology, but to empower them in other areas of their bussines.

”We provide information, financial management and human resources.

“We believe that productivity is very key to the success of our space, especially in trying moments like this where it can be difficult to get up and start working.

“So, I really hope you will find value in the different solutions we have given you to help you to transform and empower your organisations to do well and reach out to people in Nigeria,” he said. (NNN)

= = = = = ====

Edited by Chioma Ugboma/Olagoke Olatoye

Short Link:

Ibrahim Kado

Ibrahim Kado: NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. We are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and we strive diligently to ascertain the truth in every news report. Contact: editor @ Disclaimer.

16,000 jobs’ll be created when National Theatre’s renovation is completed – Official Gen. Joshua Dogonyaro, ex-CDS dies at 80 Death Coronavirus – Eritrea: Ministry of Health announcement (May 12, 2021) New board will run the National Theatre after renovations – GM Ogun Govt. restates commitment to quality health care Eid-el-Fitr: Ganduje urges Muslims to pray for peace Coronavirus – Nigeria: COVID-19 case update (May 12, 2021) Eid-el-Fitr: Orji Kalu advocates national cohesion Expert wants greater investment in food security Incentives for the production of the digital economy in Cameroon (by Achare Takor) Ex minister, Turaki urges Muslims to uphold Ramadan values, peace, unity, benevolence Coronavirus – Daily update on the status of COVID-19 statistics in Zambia (May 12, 2021) Wet Season Farming: FG to distribute farm inputs to farmers Video press release: Weekly press briefing on the coronavirus epidemic Coronavirus – Ethiopia: COVID-19 cases reported in Ethiopia (May 12, 2021) Marriott International opens 5-star hotel in Lagos Coronavirus – South Africa: COVID-19 Statistics in South Africa (May 12, 2021) Kogi governor lauds appointment of Obaje as NG-CARES coordinator COVID-19: NCDC records 1 death, 44 new infections AbdulRazaq appoints 41-year-old multimedia czar as Kwara Tv GM Sallah: Gov. Matawalle assures workers of job security Company Income Tax increases by N97bn in Q1, 2021- NBS Coronavirus – Kenya: COVID-19 update (May 12, 2021) De-escalation ‘an absolute must’ in Israel-Palestine conflict – UN Chief Coronavirus – Eswatini: COVID-19 daily update (May 12, 2021) NMA demands renewed effort to tackle insecurity Coronavirus – Rwanda: COVID-19 update (May 12, 2021) Eid-el-Fitr: PDP urges unity, patriotism to tackle national challenges NUPENG directs members to shut down services in Kaduna State Edo Assembly wants livestock farms registered JUSUN urges FG to deduct Judiciary funds from May FAAC Eid-el-Fitr: APC urges Nigerians to pray for country’s leaders, peace, unity WHO panel urges bold overhaul of pandemic prevention measures $540bn remittance flow reaches low-and-middle-income countries in 2020- WB Arsenal dent Chelsea’s Champions League push Kalu salutes Ekweremadu at 59 NECO: 115 inmates credit English, Maths in Enugu Infinix Releases Award Winning NOTE 10 Pro Series Powerful Performance. Iconic design Eid-el-fitr: Yahaya Bello calls for national integration Eid el-Fitr; Atiku wants Nigerians reflect on peace, unity Osinbajo graces Museveni’s inauguration in Kampala Managing mental health conditions among army officers Infant, two others die in gas explosion in Ogun Uzodimma dissolves cabinet, sacks 20 commissioners We don’t demand money from job seekers, NDLEA warns applicants VC assures of infrastructure development in UNICAL Basketball Africa League announces broadcast partners and fixture schedule ahead of inaugural season Eid-el-Fitri: Observe fire safety measures, Fire Service CG urges Nigerians Ourtv introduces sports channels for Extreme fighting, basketball Nizzolo wins the Giro d’Italia Maglia Ciclamino after biting his nails second in stage 5