First City Monument Bank (FCMB) has successfully trained 44,278 entrepreneurs in business growth and financial management as part of its commitment to fostering small and medium-sized enterprises (SMEs) in Nigeria. The initiative aims to equip business owners with essential skills to scale their operations, improve financial literacy, and enhance sustainability.
According to FCMB, the training covered key areas such as business planning, access to finance, digital transformation, and effective marketing strategies. The program, which was delivered through a combination of physical workshops and virtual sessions, targeted SMEs across various sectors, including agriculture, retail, technology, and manufacturing.
Participants expressed appreciation for the initiative, highlighting its impact on their ability to manage finances, attract investment, and navigate business challenges. Many entrepreneurs noted that the training provided them with actionable insights to streamline operations and expand their customer base.
FCMB has consistently championed SME development in Nigeria through strategic funding, capacity-building programs, and digital banking solutions. The bank’s SheVentures program, specifically designed for women entrepreneurs, has also provided grants, mentorship, and interest-free loans to female-led businesses.
Industry experts have commended FCMB’s proactive approach to supporting entrepreneurship, emphasizing that such initiatives contribute significantly to economic growth, job creation, and financial inclusion. The bank reaffirmed its commitment to empowering more business owners through future training programs and tailored financial products designed to accelerate SME success.
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