Sterling Bank Opens new Hub to Support MSMEs

In its continued effort to support and promote micro small scale enterprises (MSMEs) and skills development in Nigeria, Sterling Bank Plc has announced recently the creation of The Business Hub (TBH) in Lagos.

According to the bank, the Business Hub was created in line with the bank’s strategy to create an enabling environment for young people to grow their businesses with each hub location customised to fit a sector.

It added further that, the first space located at Adebola House, Ikeja is focused on growing the Fashion Industry and has in the hub a co-sewing space providing fashion business owners with a sewing machine, ironing table and weaving machine for as low as N2,000.

In addition, the hub also has a meeting room, lounge and a modeling agency in it.

Speaking on the development, Head, Strategy of the bank, Khafil Animashaun, said the bank realised that more needed to be done to support small businesses beyond financial advisory and as such the bank created the hub as a safe and serene community where young people can ideate, develop and build their businesses.

Animashaun further explained that, “We understand that part of our economic development lies on the ingenuity of small-scale enterprises.

“We believe it is our role to contribute by creating a platform that allows that ingenuity thrive by helping the teeming populace upskill and achieve their business dreams despite the daunting economic situation”.

Sterling bank would replicate this across the country to ensure that more business owners get this opportunity.

She also added that the hub would organise free monthly trainings, financial advisory, printing and storage services for its members and she was sure that young business owners would find the environment inspiring, supportive and well- managed.