Nigeria’s pioneer non-interest bank, Jaiz Bank says its allocation of an annual N10bn portfolio to Micro,Small and Medium Enterprises,MSMEs signposts its commitment to the growth of the sector.

This pivotal role informed its recent choice as the financial partner of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) for its GROW Fund scheme designed to help micro, small and medium enterprises (MSMEs) with access to affordable financing for their businesses.

The Managing Director of Jaiz Bank, Haruna Musa, who stated this in Abuja on Wednesday at the Annual General Meeting of Finance Correspondents Association of Nigeria, said the ₦10 billion allocation is subject to periodic review to ensure it meets the evolving needs of small businesses.

Musa, who was represented at the occasion by Halima Ishaq, Group Head Corporate Communications, said the bank’s exemplary support for small businesses “Is designed to expand access to capital for thousands of businesses nationwide.”

The managing director noted that despite the bank’s rebranding in August 2024, they are still concerned about mixing its new logo with the old one, which tends to create identity concerns.

He appealed to the media and the public to pay attention to the bank’s visual identity, stressing ”The old logo is gone,” but some of our assets are still represented by the old logo, which often causes confusion online.”

The bank appealed to the media and digital content creators to update their database to reflect the current brand assets to ensure consistency and professional representation.

Musa expressed satisfaction with the partnership with the Finance Correspondents Association of Nigeria, and pledged their continued partnership, because of the conviction in the invaluable role financial journalists play in the economic ecosystem.