Nigeria’s Guaranty Trust Bank (GTBank) has launched SME MarketHub, an e-commerce portal for small and medium enterprises (SMEs) in Nigeria, which seeks to enable entrepreneurs to bring their businesses online and take advantage of the vast sales opportunities within the space.
The bank said the portal allows it to contribute to the growth and development of the Nigerian economy, and is part of its strategy towards empowering and supporting SMEs
“There is no getting away from the fact that economic conditions remain challenging for SMEs in Nigeria,” Segun Agbaje, managing director of GTBank, said.
“It is, however, vital that this integral sector of the economy gets all the support it needs to drive growth and development. With the introduction of the SME Market Hub, the bank said it has provided SME operators a platform that allows small and medium business owners create and maintain online presence and expand their business frontiers to new markets and millions of buyers that are online.
“About five years ago one of the big criticisms of GTBank was that it was not a retail bank. We had 250,000 customers and today we have 5.5 million retail customers. So when we choose to do something, we really sink our teeth in it.”
