Stanbic IBTC Partners Lagos State Employment Trust Fund to Support SMEs

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Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced its partnership with the Lagos State Employment Trust Fund (LSEFT) to train Small and Medium-Sized Enterprises (SMEs) inentrepreneurship through a series offinancial planning sessions, tagged “Managing Your Finances”.

Stanbic IBTC, through its regular financial planning sessions, hastrainedindividuals, entrepreneurs and business managers in personal and corporate finance and has thus enhanced their knowledgein the areas of wealth creation, andimproved business management and financial management skills.

Speaking on the partnership, Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, noted that the collaboration between Stanbic IBTC and the LSEFTreflected the financial institution’s commitment to the growth and development of Nigerians and the economy. As he commended the LSEFTfor the promotionof entrepreneurship throughimproved access to finance, strengthened institutional capacity of SMEs and  policies formulated to improve the business environment in Lagos State, Dr Sogunle assured the LSETF of Stanbic IBTC’s resolute support in the development of SMEs in Nigeria.

According to Dr Sogunle, “This partnership is crucial because we will be taking beneficiaries through our highly specialised financial planning sessions where they will gain knowledge in different areas of financial management. We hope that the insights from this engagement will accelerate their entrepreneurial growth and empower them with the requisite financial knowledge to thrive in life and business. Stanbic IBTC embraces the opportunity to contribute to achieving the global sustainable development goals, amongst which are: reduction in the levels of poverty and hunger, economic growth and reduction in inequality.”

The partnershiphas, not only supported entrepreneurs and business owners butcontributed to the achievement of the United Nations-backed Sustainable Development Goals (SDGs).

Stanbic IBTC Holdings is an end-to-end financial services organisation and a part of the over 155-year old Standard Bank Group andis committed to enabling dreams and driving growth in Nigeria and across the African continent.


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