Even though they didn’t mention the year in question. I thought this Businessday article was worth noting. Here is an excerpt of the article.
First Bank of Nigeria Limited has disbursed about N46 billion to Small and Medium Enterprises (SMEs) in one year according to Gbenga Shobo, executive director, retail banking South, has said.
The bank has done this and is still doing more to address the funding challenge faced by the SME sector in the country.
Shobo acknowledged that the major problems of SMEs are access to finance, but stressed that banks need to understanding the SMEs better and create products that will be useful to them.
He disclosed that the capacity building which the bank started last year has been very useful and very successful, adding that the Bank has engaged SMEs across the country on capacity building specifically, SMEs in Lagos, Aba, Port Harcourt, Kano, and Ibadan among others.
![[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies](https://nairametrics.com/wp-content/uploads/2017/05/nigerian-economy-today-1.jpg?resize=350,250)
