VConnect.com, the largest local search engine in Nigeria and Stanbic IBTC, said that they are promoting a programme that will provide online presence and access to small businesses in the country.
Under the plan, the two companies will also give small and medium enterprises (SMEs) access to financial aid to expand their reach and profit.
The partnership followed a recent launch of the Nigeria Industrial Revolution Plan (NIRP) and the National Enterprise Development Program (NEDEP) by President Goodluck Jonathan, aimed at ushering in a new era for industrial, micro, small and medium enterprises development in Nigeria, the companies said.
In a statement announcing the partnership, VConnect said both partners are coming together to empower SMEs which are regarded as the live wire of any country and key contributor to economic growth and development.
“In most countries SMEs represent a substantial proportion of all economic activities, and typically account for well in excess of 50 per cent of total employment. However, developing a successful and thriving SME is always difficult, especially in emerging markets because there are limited platforms that encourage and support their growth and development. It is in view of this, that VConnect and Stanbic IBTC have joined forces in order to empower SMEs”, according to the search engine company.
The alliance between the two companies will help fast-track industrialization, accelerate inclusive economic growth, job creation and transform Nigeria’s business environment, it added.