2024 Lagos Trade Fair: UBA reaffirms commitment to support African SMEs

Ahead of the 2024 Lagos International Trade Fair(LITF), the United Bank for Africa (UBA) Plc has reaffirmed commitment to support African SMEs, Topnaija.ng reports.

The LITF – which is the 38th edition – is organised annually by the Lagos Chamber of Commerce and Industry (LCCI), and is scheduled to take place at the Tafawa Balewa Square, Lagos, between November 1st to 10th, 2024.

At a press briefing held at the Commerce House, Lagos on Wednesday, the Vice President, LCCI, Akinbo Akin Olugbade, applauded UBA for its continued support of the fair and SMEs in Africa.

While addressing key stakeholders, press-men, and other partners at the event, he said, “ “We would like to extend our heartfelt gratitude to our reputable sponsor, UBA, for their unwavering support and commitment to the success of this fair.

Their contributions have been invaluable, and we are truly appreciative of your partnership “

He took time to speak on the exceptional opportunities this year’s edition will offer to SMEs, business owners and advertisers, adding that these benefits include improved networking possibilities and promotion of international trade amongst others.

UBA’s Head, of SME Banking, Babatunde Ajayi, highlighted the bank’s strengthened commitment to supporting African businesses, announcing a substantial $6 billion loan facility dedicated to SME development.

He said, “Our six-year partnership with LCCI has been tremendously successful because our missions align perfectly,” said Ajayi. “We are focused on providing our customers with comprehensive market access and seamless transaction capabilities through our extensive retail presence and digital platforms which will be made available at the fair.”

Ajayi noted that the bank’s support will extend beyond traditional banking services, as they will offer direct customer engagement opportunities, payment collection, and repatriation services for African exhibitors, and advanced digital banking platforms for efficient transactions.

The collaboration between UBA and the Lagos Chamber of Commerce and Industry to host the 2024 Lagos International Trade Fair presents a major opportunity for SMEs to expand, connect, and explore new possibilities that could stimulate economic growth and play a key role in Nigeria achieving its $1 trillion economy mark

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally.

Operating in twenty African countries and the United Kingdom, the United States of America, France, and the United Arab Emirates, UBA provides retail, commercial, and institutional banking services, leading financial inclusion and implementing cutting-edge technology.