Fidelity Bank Plc has commenced the disbursement of the MSME Intervention Funds of the Federal Government of Nigeria (FGN).
The funding package is administered by the Bank of Industry (BOI) to qualified Small and Medium Enterprises (SMEs) with a strategic focus on empowering women-owned businesses across the country.
It was created to provide accessible financing to micro, small, and medium enterprises (MSMEs) across all 36 states of the federation.
Fidelity Bank is one of the financial institutions chosen to distribute the funds to beneficiaries, aligning with its ongoing initiatives as the leading supporter of SMEs in Nigeria.
Recently, the Fidelity SME Empowerment Programme (FSEP) was launched at its Gbagada SME Hub in Lagos.
This flagship initiative provided 100 growth-ready SMEs with ERPRev-enabled POS systems, business software, receipt printers, barcode scanners, inventory support, bookkeeping and branding training, three-day masterclasses, and six months of post-installation monitoring—all at no cost.
Earlier in May 2025, Fidelity Bank also signed an MoU with SMEDAN, Nigeria’s Small and Medium Enterprises Development Agency, to deliver SME-friendly low-interest financing, capacity-building support, and market access for SMEs referred under the agreement.
For the disbursement of the FGN MSME Intervention Funds, the lender is prioritising women entrepreneurs, reinforcing its belief in the catalytic role of women-led enterprises in driving sustainable development and job creation.
Fidelity Bank has also put in place a robust structure to ensure seamless onboarding and fund disbursement by leveraging its nationwide branch network, digital banking platforms, and experienced relationship managers to reach and support entrepreneurs across urban and rural communities.
“As a bank deeply committed to the growth of SMEs, we are proud to partner with the federal government and the BoI on this critical intervention.
“For this phase, we are placing women at the forefront because we recognize their resilience, innovation, and pivotal contributions to wealth creation and employment generation in Nigeria,” the Divisional Head for Product Development at Fidelity Bank, Mr Osita Ede, stated.
“Our vision goes beyond financing. We are building an ecosystem of support for SMEs by offering capacity-building programs, mentorship opportunities, and market access. Women entrepreneurs, in particular, will benefit from a larger share of the fund as part of our broader strategy to promote gender inclusion,” Mr Ede added.