World MSME Day: Wema Bank to disburse N2.5m grants to top three SMEs

Wema Bank, the official gold sponsor of Lagos Leather Fair (LLF) 2025, has pledged to disburse N2.5 million in grants to the top three outstanding Small and Medium Enterprises (SMEs) participating in the 8th edition of LLF 2025.

The fair, scheduled for June 28-29, 2025, at the Balmoral Federal Palace Hotel in Lagos, will showcase Africa’s diverse leather industry, attracting leather enthusiasts, manufacturers, suppliers, designers, and other key players.

This marks the second consecutive year Wema Bank has sponsored the Lagos Leather Fair, reinforcing its commitment to empowering businesses.

The Lagos Leather Fair is an annual showcase of Africa’s Leather Industry, convening leather enthusiasts, manufacturers, suppliers, designers and other key players in the leather ecosystem from across the globe, to celebrate African culture, creativity and craftsmanship in style.

The bank’s exclusive banking proposition, Prestige by Wema, will promote access to market for participating entrepreneurs, connecting them with high-net-worth individuals who can provide visibility, patronage, and potential cross-border business expansion opportunities.

Wema Bank’s Managing Director and CEO, Moruf Oseni, emphasised the importance of access to market in stimulating SME growth, stating, “Funding is crucial to business growth, but access to market is equally vital.”