20 MSMEs Rewarded In Keystone Bank Promo

20 Micro, Small and Medium Enterprises (MSMEs) customers have been rewarded by Keystone Bank Limited in its promo tagged: 'Keystone MSME Rewards Campaign'.

At the live draws held at the bank’s head office in Lagos, five MSME customers of the lender won 3KVA generating sets each; five others won 18-inch rechargeable fans and the remaining 10, won a cash gift of N50,000 each.

According to the bank, customers who qualified for the draw are expected to have a cumulative deposit of N4 million over the four-month period.

While restating the organisation’s commitment to MSME support, the group head, Retail/SME/Value Chain, Anayo Nwosu said that the initiative was part of the bank’s continuous drive and contribution towards an improved Nigerian economy.

“The campaign is in line with Keystone Bank’s strategic plan to actively support MSMEs in the country.

“A recent report released by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the National Bureau of Statistics (NBS) showed that over 39.65m MSMEs operated in Nigeria as of December 2020.

“The MSMEs contributed 46.31% to Nigeria’s gross domestic product (GDP) and accounted for 96.7% of businesses in 2020.

“Therefore, the need for support to do more and this is where we come in."