Polaris Bank Honored as ‘Best in MSME Lending’ at Inaugural MSME Finance Awards 2024 for Commitment to Empowering Nigeria’s Vital Enterprises
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Polaris Bank has been awarded the title of ‘Best in MSME Lending’ at the inaugural MSME Finance Awards 2024, organized by Nairametrics and The Economic Forum. The ceremony took place at the Civic Centre in Victoria Island, Lagos, where the bank was recognized for its dedication to supporting Micro, Small, and Medium Enterprises (MSMEs) through various funding channels. Expert judges praised Polaris Bank for its efforts in providing accessible finance to foster the growth of these vital sectors of Nigeria’s economy.
The expert judges praised the bank for its ongoing commitment to providing accessible finance and fostering the growth of MSMEs, essential for Nigeria’s economic development. In his acceptance speech, Managing Director Kayode Lawal expressed his heartfelt gratitude for the recognition.
He highlighted the crucial role that MSMEs play in fostering innovation, generating employment, and bolstering the national economy.
Lawal expressed gratitude for receiving a prestigious award that highlights the commitment to empowering Nigerian micro, small, and medium enterprises (MSMEs). He emphasized the crucial role these businesses play in national economic growth and noted that the bank’s efforts in providing accessible financing have significantly benefited them.
He also praised Nairametrics and The Economic Forum for recognizing the bank’s contributions and reiterated Polaris Bank’s dedication to delivering tailored solutions that support the growth and sustainability of MSMEs.
According to the International Labour Organisation, the MSME sector is essential to Nigeria’s economy, contributing approximately 48% of the country’s GDP and employing about 80% of the workforce.
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