FirstBank has revealed its preparedness to disburse over N1trillion in funding to drive the growth of small and medium-scale enterprises in Nigeria this year.

This was disclosed at the SME Scale Up event, which was recently held in Lagos, and brought together entrepreneurs from different sectors of the economy under the theme ‘Scale Up Your Business, Soar High’.

It would be recalled that FirstBank recently won the Best SME Bank in Nigeria and the Best SME Bank in Africa at the 2025 Asian Banker Awards for the second consecutive year, highlighting its unwavering commitment to supporting SMEs.

Olusegun Alebiosu, the Managing Director/Chief Executive Officer of FirstBank, A while addressing the participants, highlighted the critical role of SMEs in the economic well-being of the country.

He said: “Whatever you do impacts the ecosystem. You pay salaries, you employ people, you support your families, you pay taxes and you support the society. In every economy, SMEs are the engine of growth, so the big men and the big businesses remain, but the real people who would go down to employ younger people, fresh graduates, and salesgirls are SMEs.

https://independent.ng/firstbank-projects-n1trn-for-sme-funding-in-2025/