Divisional Head, SME & Agency Banking of Heritage Bank Plc, Obioma Emenike in this interview notes that while the dwindling availability of foreign exchange has enhanced the prospects of SMEs, addressing the challenges of the subsector however requires holistic approach by stakeholders.
The drive for Made in Nigerian products occasioned by dwindling foreign exchange availability has presented veritable business opportunities for SMEs across key economic sectors such as the manufacturing, food and beverages (agriculture value chain activities), and fashion/arts and crafts (textile, and facial beautification). SMEs enjoy the leverage of increased demand for their goods and services with the added prospects for export opportunities. Heritage Bank recognizes these opportunities and is adequate positioned to tap into these huge business opportunities.