Access Bank’s Commitment to Bridging Sustainable SME Gaps
Despite the crucial and transformative role small and medium enterprises (SMEs) play as the lifeblood of economies, they are faced with the challenge of limited access to financing and resources. Recognizing these significant gaps and challenges, Access Bank has been at the forefront of implementing strategic projects to empower and support these businesses, Precious Ugwuzor reports
In an era defined by unprecedented environmental challenges, sustainability has taken centrestage in global discourse. From the looming threat of climate change to the depletion of natural resources, it has become clear that businesses worldwide must prioritise sustainability as a core aspect of their operations.
While large corporations have made strides in this direction, it is the often-overlooked small and medium enterprises (SMEs) that hold the key to transformative change.
On a global scale, SMEs are the lifeblood of economies. They represent most businesses in both developed and developing nations, contributing significantly to job creation and economic growth. Particularly relevant is the fact that Small and Medium Enterprises (SMEs) represent about 90 percent of businesses and more than 50 percent of employment worldwide.
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