Fidelity Bank Plc, a Tier One lender, has begun disbursing the Federal Government of Nigeria’s MSME Intervention Funds, managed by the Bank of Industry, targeting qualified SMEs with a special emphasis on empowering women-owned businesses nationwide. This fund aims to provide accessible financing to micro, small, and medium enterprises across all 36 states, supporting inclusive economic growth and fostering sustainable development.
Osita Ede, Divisional Head of Product Development at Fidelity Bank, emphasized the bank’s focus on women entrepreneurs, recognizing their vital contributions to wealth creation and job generation in Nigeria. Fidelity Bank is leveraging its extensive branch network, digital platforms, and experienced relationship managers to ensure smooth onboarding and fund distribution to entrepreneurs in both urban and rural areas.
This effort aligns with Fidelity Bank’s broader SME support initiatives, including the recent Fidelity SME Empowerment Programme (FSEP), which provided 100 SMEs with business tools, training, and ongoing support at no cost. Additionally, an MoU signed in May 2025 with SMEDAN aims to offer low-interest financing, capacity-building, and market access for SMEs.
Ede highlighted that the bank’s vision extends beyond financing to building an ecosystem offering mentorship, capacity building, and greater gender inclusion. The disbursement of the MSME Intervention Fund reinforces Fidelity Bank’s commitment to Nigeria’s MSME sector by expanding access to affordable finance and strategic support, fostering economic resilience and job creation across the country.
Fidelity Bank serves over 9.1 million customers through its 255 branches and digital channels, including its UK subsidiary FidBank UK Limited. The bank has received multiple accolades, such as the 2024 Excellence in Digital Transformation & MSME Banking Award, the Most Innovative Mobile Banking Application award, and recognition as the Best Bank for SMEs in Nigeria by Euromoney.
