Nigeria’s Guaranty Trust Bank (GTBank)
has launched SME MarketHub, an e-commerce portal for small and medium
enterprises (SMEs) in Nigeria, which seeks to enable entrepreneurs to
bring their businesses online and take advantage of the vast sales
opportunities within the space.
The bank said the portal allows it to contribute to the growth
and development of the Nigerian economy, and is part of its strategy
towards empowering and supporting SMEs
“There is no getting away from the fact that economic conditions
remain challenging for SMEs in Nigeria,” Segun Agbaje, managing director
of GTBank, said.
“It is, however, vital that this integral sector of the economy gets
all the support it needs to drive growth and development. With the
introduction of the SME Market Hub, the bank said it has provided SME
operators a platform that allows small and medium business owners create
and maintain online presence and expand their business frontiers to new
markets and millions of buyers that are online.
“About five years ago one of the big criticisms of GTBank was that it
was not a retail bank. We had 250,000 customers and today we have 5.5
million retail customers. So when we choose to do something, we really
sink our teeth in it.”
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