Fidelity Bank Powers MSME Growth With Disbursements of FG Intervention Funds
THECONSCIENCE NG reports that Fidelity Bank Plc has once again positioned itself at the forefront of Nigeria’s entrepreneurship drive with the commencement of disbursement of the Federal Government’s MSME Intervention Funds.
The scheme, administered by the Bank of Industry (BOI), is targeted at small businesses nationwide — and Fidelity Bank is placing women-owned enterprises at the heart of this rollout.
From fashion designers in Aba to agribusiness owners in Kano, micro, small, and medium enterprises (MSMEs) are set to benefit from accessible, low-interest financing. Fidelity Bank says its priority is clear: to back women entrepreneurs whose creativity, resilience, and business acumen continue to fuel Nigeria’s economy.
“As a bank deeply committed to SMEs, we are proud to partner with the Federal Government and the Bank of Industry on this vital intervention,” said Osita Ede, Divisional Head, Product Development at Fidelity Bank. “For this phase, women are at the forefront because we know the catalytic role they play in wealth creation, innovation, and job generation across the country.”
Beyond just releasing funds, Fidelity Bank has built a seamless support system for entrepreneurs. With its nationwide branch network, robust digital platforms, and a team of dedicated SME relationship managers, the bank is ensuring that even rural-based businesses have access to financing and professional guidance.
The intervention fund is only the latest in Fidelity Bank’s expanding portfolio of SME-focused initiatives. Earlier this year, the bank unveiled its SME Empowerment Programme at the Gbagada SME Hub in Lagos, equipping 100 growth-ready businesses with free digital tools — from POS systems and business software to receipt printers, inventory support, and branding training — capped with intensive masterclasses and six months of mentorship.
In May 2025, Fidelity also signed a landmark MoU with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), providing entrepreneurs with low-interest loans, training, and access to broader markets.
“Our vision goes beyond finance. We are building a complete ecosystem for SMEs, combining capital with capacity-building, mentorship, and market access,” Ede added. “Women-led businesses, in particular, will continue to receive special attention under this strategy, as part of our commitment to gender inclusion and sustainable development.”
With the rollout of the FGN MSME Intervention Fund, Fidelity Bank is reinforcing its status as Nigeria’s leading champion of entrepreneurs — helping small businesses not just to survive, but to scale, create jobs, and power national growth.
