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Another showcase for SMEs as Polaris Bank holds The Fashion Souk 9.0 in Lagos


Polaris Bank, in partnership with Eventful Limited, has announced the hosting of the 2023 season end edition of The Fashion Souk 9.0, scheduled to hold at the Harbour Point, Victoria Island, Lagos on December 2 and 3, 2023.

Over 140 established Small and Medium Enterprises (SMEs) in Nigeria’s fashion industry, leather and jewellery/accessories sectors, spanning across manufacturers, retailers and dealers, are expected at the must-attend showpiece.

The Fashion Souk is Nigeria’s premier marketplace where smart Small and Medium-sized Enterprises in the fashion industry gather to display and market their diverse goods and services to a large audience.

With its extensive collection of fashion-related SMEs, The Fashion Souk stands as the largest congregation of such businesses in Nigeria to date.

Polaris Bank disclosed in a statement on Monday that the event will primarily focus on four thriving industries: manufacturers, leather, retailers, and jewellery and accessories.

This incredible platform provides these businesses with an unparalleled opportunity to exhibit their creativity, product lines, and unique offerings to a discerning audience.

The Fashion Souk promises to be a memorable event that showcases the rich diversity, talent and innovation within Nigeria’s fashion industry, where attendees and shoppers can expect an immersive experience, with an array of unique products, inspiring fashion shows, and networking opportunities with industry experts.

In line with its SME focus and commitment, Polaris Bank has partnered and supported businesses in critical sectors of the Nigerian economy, including health, education, manufacturing, agriculture and export.

The Bank has advanced credits to these sectors for acquisition of medical equipment, machines, distribution and logistics of medical products; laboratory equipment, stationeries, furniture, classrooms and school bus; working capital for businesses and expansion among others.

BusinessDay in a November 2022 article valued Sub-Saharan fashion market at $31 billion, with Nigeria accounting for 15 percent to the total regional market, while Statista put the value of the global fashion industry in 2022 at $1.53 trillion, with revenue forecast to increase in 2023 to more than $1.7 trillion.

Polaris Bank was adjudged Nigeria’s Digital Bank of the Year in 2023, 2022 and 2021 in Business Day’s Banks and Other Financial Institutions Awards.

It also emerged as Nigeria’s Best MSME Bank of the Year because of its ability to use technology to enable bottom-up support to the MSME sector.

As a digital-forward Bank, Polaris Bank is dedicated to forging a customer-focused future through innovative partnerships that reshape both businesses and communities.

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