Jaiz Bank and MoneyLine to provide 500 Nigerian entrepreneurs with technical and financial support – The Whistler Newspaper
Jaiz Bank Plc has promised to work with the executive producer of business and economics TV show MoneyLine, Ms. Nancy Nnaji, to equip young Nigerian entrepreneurs with the skills and finance to succeed.
The Executive Director, Business Development (North), Jaiz Bank, Dr. Sirajo Salisu said this in Abuja during the first edition of the Personal and Business Acceleration Masterclass.
The event was attended by Managing Director, Cowry Asset Management Ltd, Johnson Chukwu; Cosgrove Chief Operating Officer Elizabeth Taylor; Chairman and CEO of Brave Icons Global Ltd Fife Banks and former presidential candidate Dr Tope Fasua.
Salisu said the bank understands the importance of entrepreneurship to the Nigerian economy, adding that it will provide the required technical and financial support to graduates of the Masterclass program with a good business plan.
On a personal level, Suraju, who is also the designated managing director of Jaiz Bank Plc, said he would personally take on the mentorship of five of the Masterclass program graduates.
He said Jaiz Bank has grown from three branches with which it started operations ten years ago to about 45 branches currently, adding that before the end of this year, the number of branches will increase to 50.
He congratulated the organizers of the program for taking the initiative and assured them of the bank’s continued support in future editions.
Speaking in his welcome address, Nnaji said the aim of the Masterclass program is to empower Nigerians with business ideas and better wisdom to prosper.
Nnaji, who is the organizer of the Masterclass program, said, “This conference is an idea whose time has come. I am about to help you by acting beyond today.
“We are grateful to Jaiz Bank for being committed to helping people both technically and financially.
So my vision for this is that beyond the conversation we want to see companies that will be helped so that in a year from now when we have this program we can gauge and measure that these are the companies that we have been able to help since the last Personal and Business Acceleration Masterclass.
“Beyond TV where we talk about economics, business, finance and the rest, we want to hold people’s hands and teach them what they need to grow their business.”
She said that through the Masterclass program, experts would be able to provide entrepreneurs with the knowledge needed to make their businesses bankable.
Nnaji added: “It’s like I’m giving back after so many years. I created this because a lot of us don’t focus on the bottom of the pyramid, a lot of us focus on the adults.
“Banks are not helping MSMEs the way they should, you will see a lot of strict warranty conditions and some of these companies don’t have enough information to equip themselves with.
“They don’t have simple record keeping, you can’t just go to the bank to borrow, you need to be able to have proper record keeping, fundamental business processes in place and that’s why am I doing it too.
“We want to teach small businesses how to set this up.
“The designated MD of Jaiz Bank said that even in his personal capacity he would like to mentor five businesses and that is very commendable of Jaiz Bank MD.
“It’s outside of what they would do as a bank for the companies they would be introduced to here. They were holding their hands and helping them.