Access Bank Disburses N1 billion to SMEs in Health Sector

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

Access Bank Plc has disclosed that it has provided over N1 billion towards financing Small and Medium Enterprises (SMEs) in the health sector.

The bank’s Executive Director, Mr Victor Etuokwu, Access Bank remains committed to enhancing the well-being of its customers in recognition of its role as one of the drivers of the national economy.

Speaking at a business workshop for health practitioners in Abuja, which was organised by the bank in partnership with Medical Credit Fund and JNCI recently, the bank ED stressed that the financial institution has a role to play in supporting growth of the economy through the empowerment of customers by enabling access to finance, capacity development and mentorship.

He said the training session was specifically aimed at SMEs in the health sector to commemorate the World Health Day which is marked annually on April 7.

- Advertisement -

Further justifying the bank’s intervention in the health sector,  Etuokwu said: “The health sector guarantees that people are able to even do business, so it is a sector that tends to well-being. And anything that tends and drives the well-being of human beings will do well.

“As you know, even health is the most critical element of your well-being- if you are not healthy, you can’t do anything. So, any sector that drives healthy conditions supports you to be well is where everybody will gravitate to.

Read Also:  FAAC: STATES & LOCAL GOVERNMENTS RECEIVED N270.81BN & N173.76BN RESPECTIVELY IN MARCH 2018

“It is a sector that we need to finance a lot more, it needs to be a lot more structured, we need to have a little more health professionals in the country.

“If you look at the ratio of health workers to the population it is very low…Effective demand for health, the ability to pay for health services is quite low in the country so we need to urge the government to invest a lot more in health insurance. Health insurance drives the health sector. So, as that happens, you will see that there will be lots of caregivers in the country.”

- Advertisement -

He said though the bank lends to good borrowers, attendance at the workshop could enhance participants’ chances of accessing credit from the bank as they would have benefitted from the knowledge sharing sessions.

He also said the bank hoped to have new converts at the end of the programme.

“We are having today a business workshop for people in the health sector, particularly the drug and pharmacy sub-sector. We have brought our partners to talk to them about several things that can improve the quality of their business.

- Advertisement -
Access Bank Disburses N1 billion to SMEs in Health Sector - Brand SpurAccess Bank Disburses N1 billion to SMEs in Health Sector - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Access Bank Disburses N1 billion to SMEs in Health Sector - Brand SpurAccess Bank Disburses N1 billion to SMEs in Health Sector - Brand Spur

Latest News

SunTrust Bank Picks Former CBN Director as New Chairman

The Central Bank of Nigeria (CBN) Former Director, Mr. Olanrewaju Shittu has been elected as the chairman of SunTrust...

Food Prices soared in October, prices highest in Edo, Kwara, Sokoto – NBS

Food prices soared in October, the consumer price index (CPI) report released on Monday by the National Bureau of Statistics (NBS) has shown. According to its...

DPR Approves New Liquefied Petroleum Gas Guidelines for Investors, Operators

The Department of Petroleum Resources (DPR) has announced the introduction of new guidelines to accommodate more Liquefied Petroleum Gas (LPG) investors and operators across...

MTN is leading the charge for Africa’s fourth Industrial Revolution

It has been predicted that the Fourth Industrial Revolution (4IR) has the potential to raise global income levels and improve the quality of life...

364-day treasury bill at 0.15% yield: How low can it get?

Recently, the CBN conducted a primary market auction, with N150.6bn worth of treasury bills on offer across the 91-, 182- and 364- Day tenor....
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Access Bank Disburses N1 billion to SMEs in Health Sector - Brand SpurAccess Bank Disburses N1 billion to SMEs in Health Sector - Brand Spur