Heritage Bank has revealed plans to work with the Nigerian entertainment industry to develop a funding model. Ifie Sekibo, Chief Executive Officer, Heritage Bank, made this known during the Heritage MSME Clinic, regarding the willingness of the bank to help promote development in the entertainment industry, and the modalities for funding the industry.
Sekibo noted that there are hurdles to cross for the plans to be realised. “We have quite a number of people in the entertainment industry. The last time we met with the President of Nollywood, we wanted to find out, how do we bank them? Do we deal with each person, or we take the industry as a whole. This is because we are very willing to provide funding, and help the industry.
“Most times people think that banks can just jump in, but our approach is different. We need to first know how, when you tell us how then you can leave the financial engineering to us,” he explained.
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This article was first published on 17th August 2013 and updated on August 23rd, 2013 at 10:23 am