The interactive capacity building and engagement session
which took place at the Grand Central Hotel, Kano had in attendance the
distributors of BUA Foods from the two states, as well as representatives of
the sales and management teams of Fidelity Bank Plc and BUA Foods.
Welcoming the distributors to the event, the Executive
Director, North Directorate at Fidelity Bank PLC, Hassan Imam, who was
represented by the Regional Bank Head, Northwest I Regional Bank, Fidelity Bank
Plc, Mannir Ringim, stressed the importance of distributors in the Nigerian
economy and the key role that they play in the movement of products and
services in Nigeria and across the world, ensuring that they are delivered
seamlessly from the manufacturers or producers to the end users.
He also touched on Fidelity Bank’s established support for
players in the distributive trade sector and the various tailored structures,
products and services that the bank has instituted to support the growth of
these players on a sustainable note.
In his keynote address, the guest facilitator at the event,
Dr. Akin-Olusoji Akinyele, who is a small business advisor and economic policy
expert, advised the distributors on key strategies they can employ to manage
key macroeconomic challenges impacting players in the distributive trade area,
the various funding options they can explore to expand their businesses and key
strategies they can adopt to manage succession planning for their businesses.
Also speaking at the event, the Divisional Head,
Partnerships and Ecosystems Division at Fidelity Bank PLC, Osaigbovo Omorogbe,
reiterated the bank’s long running experience in banking players in the value
chains of large FMCG corporates and emphasized the bank’s strong commitment to
providing all-round banking support to them, particularly distributors, with
its suite of tailored digital payments and collections platforms, financing
products and advisory support services which are targeted at helping the
distributors grow their businesses in the short, medium and long terms.
According to Omorogbe, “We have helped tens of thousands of
distributors across the country such as you, grow their businesses with tailored
low cost transactions platforms such as the Fidelity Small Business Account
(FSBA) that’s maintenance-charge-free (terms and conditions apply), low-cost
digital collections and payments platforms that assure payments and collections
seamlessness, financing packages that are also low cost and flexible as regards
collateral requirements and relevant advisory support that’s free and focused
on deepening your capacity for business success.”
The distributors’ forum for the key distributors of BUA
Foods in Kano and Kaduna states is the first in the series of similar capacity
building and engagement events that Fidelity Bank Plc has put together for the
2022 financial year, for leading players in the FMCG distributive trade sector
nationwide.
Fidelity Bank is a full-fledged commercial bank operating in
Nigeria with over 6.5 million customers serviced across its 250 business
offices and digital banking channels. The bank was recently recognized as the
Best SME Bank in Nigeria in 2022 by the Global Banking & Finance Awards.
The bank has also won awards for the “Fastest Growing Bank” and “MSME &
Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and
Other Financial Institutions (BAFI) Awards.
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