The Fidelity Bank SME Empowerment Program (FSEP) 2025 is a transformative initiative offering Nigerian small and medium enterprises (SMEs) ₦1 million worth of digital tools, including POS and ERP software, and business management training. Eligibility requires being a Fidelity SME account holder and operating in sectors like retail, tech, food, fashion, logistics, or creatives, with a readiness to scale using technology.
Fidelity SME Empowerment Program (FSEP) 2025 Summary Table
| Detail | Value |
|---|---|
| Host Organization | Fidelity Bank |
| Program Focus | Digital Transformation & Capacity Building for Nigerian SMEs |
| Category | Entrepreneurship Development & Grant (Tools/Resources) |
| Eligible Applicants | Fidelity SME Account Holders (Nigerian SMEs) |
| Award Value | ₦1 Million Worth of Digital Transformation Tools and Support |
| Target Sectors | Retail, Tech, Food, Fashion, Logistics, Creatives |
| Application Status | Open |
| Application Deadline | Not Explicitly Stated (Registration is invited with the call “Fidfam, are you in?”) |
Fidelity SME Empowerment Program (FSEP) 2025 Details
Fidelity Bank has launched the Fidelity SME Empowerment Program (FSEP) 2025, a transformative initiative dedicated to supporting and accelerating the growth of Micro, Small, and Medium Enterprises (SMEs) across Nigeria. Recognizing the critical role technology plays in modern business scaling, the program offers a major boost to selected entrepreneurs.
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The call, “Fidfam, are you in?”, invites eligible businesses to register and benefit from an equivalent of ₦1 million worth of digital transformation tools and expert capacity building support designed to streamline operations and unlock significant growth potential.
The FSEP is designed to directly address the operational challenges faced by Nigerian SMEs, moving them from manual processes to technology-enabled, scalable models.
Benefits and Specific Awards of the FSEP 2025
The FSEP provides selected entrepreneurs with a comprehensive suite of resources, combining essential hardware, vital software, and expert capacity building.
Tier 1: Core Digital Transformation Tools (₦1 Million Value)
- POS Desktop System: Receipt printer, and barcode scanner included, facilitating modern, efficient transaction processing and retail management.
- ERPRev Software: Access to Enterprise Resource Planning (ERP) software for streamlined management across various business functions.
- Inventory and Business Management Tools: Specific software and systems designed to enhance control over stock and operational processes.
Tier 2: Financial and Capacity Building Support
- Free Fidelity-Branded POS: Provision of a free Fidelity-branded Point of Sale (POS) terminal with instant settlement onboarding assistance.
- M&E Tools and Training: Support for monitoring and evaluation, including bookkeeping, budgeting, and financials training to ensure financial clarity and compliance.
- Masterclass Access: Participants gain access to a Business Management Masterclass for growth strategies, and Branding and 6-Month Post-Support to sustain momentum.
Tier 3: Operational Scaling and Growth
- Streamlined Management: Implementation of ERP systems and management tools for seamless, efficient business operations.
- Tech Tools: Provision of the necessary tech tools to scale operations effectively across different markets.
- Growth Focus: Direct application of training and technology to accelerate the enterprise’s path to scaling and achieving larger market reach.
Eligibility Requirements for the FSEP 2025
The program is strategically targeted toward Fidelity Bank’s SME clients who operate in high-growth, high-impact sectors and are prepared to integrate technology for scaling.
- Account Holder Status: Must be Fidelity SME account holders (open to both new and existing account holders).
- Sector Focus: Businesses must operate in one of the following key sectors: Retail, Tech, Food, Fashion, Logistics, or Creatives.
- Growth Readiness: Must be entrepreneurs ready to scale with tech, demonstrating a willingness to adopt and maximize the provided digital transformation tools.
How to Apply for the FSEP 2025 (Step by Step)
While a formal deadline is not provided, the application process revolves around the bank’s open invitation for eligible businesses to register.
- Ensure Eligibility: Verify that your business currently holds or is able to open a Fidelity SME account.
- Confirm Sector Fit: Ensure the business operates within one of the targeted high-growth sectors (Retail, Tech, Food, Fashion, Logistics, or Creatives).
- Express Interest/Registration: Respond to the call “Fidfam, are you in?” by registering your eligible business via the official Fidelity Bank channels (application portal or designated registration point).
- Await Selection: Successful applicants will be selected based on their readiness to scale and their potential to maximize the provided digital tools and capacity building support.
Application Deadline: Not Specified
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Frequently Asked Questions (FAQ)
1. What is the value of the support package provided by FSEP 2025?
Selected entrepreneurs receive a comprehensive suite of business tools and support valued at ₦1 million for digital transformation.
2. Who is eligible to apply for the Fidelity SME Empowerment Program?
Applicants must be Fidelity SME account holders (new or existing) operating in one of the designated sectors and ready to scale with technology.
3. What specific sectors is the FSEP 2025 targeting for support?
The program targets businesses in retail, tech, food, fashion, logistics, and creatives.
4. Is the ₦1 million award given as cash to the entrepreneurs?
No, the award is provided as tools and expert capacity building (e.g., POS systems, ERP software, training), valued at ₦1 million.
5. What key software is included in the digital transformation tools?
Participants receive access to ERPRev software for Enterprise Resource Planning, facilitating streamlined management.
6. What type of financial support training is included in the program?
The program provides M&E Tools and Training, including expert support for bookkeeping, budgeting, and financials, to ensure clarity.
7. What hardware is provided to the selected businesses?
Hardware includes a POS desktop system, a receipt printer, and a barcode scanner for efficient retail operations.
8. Is the program open to businesses outside of Nigeria?
Based on the goal of supporting and scaling up SMEs in Nigeria, the program is focused on Nigerian businesses.
9. What specialized training is offered for business growth?
Participants gain access to business management masterclasses and dedicated 6-month post-support for sustained growth.
10. Does the business need to already have a Fidelity Bank account to apply?
Yes, applicants must be Fidelity SME account holders (though both new and existing holders are eligible).
