Polaris Bank, a pioneer in Nigeria’s digital banking sector, has announced its partnership with Eventful Limited for the upcoming 2023 season-end edition of The Fashion Souk 9.0. The event will be held at Harbour Point, Victoria Island, Lagos, on December 2nd and 3rd, to highlight the creativity and dynamism of Small and Medium-sized Enterprises (SMEs) in Nigeria’s fashion industry.
The Fashion Souk has cemented its place as Nigeria’s premier marketplace for innovative SMEs in the fashion sector. The event features a diverse range of businesses, making it the country’s largest congregation of fashion-related SMEs. It focuses on manufacturers, leather, retailers, and jewellery & accessories.
With the participation of over 140 established SMEs across various segments of Nigeria’s fashion, leather, and jewelry/accessories industries, The Fashion Souk 9.0 provides a platform for these enterprises to showcase their products, creativity, and unique offerings to a discerning audience.
Attendees and shoppers can expect an immersive experience at The Fashion Souk, featuring unique products, captivating fashion shows, and networking opportunities with industry experts. Polaris Bank’s commitment to SMEs is evident through its extensive support in critical sectors of Nigeria’s economy, including health, education, manufacturing, agriculture, and export.
The fashion industry’s importance is highlighted by recent statistics from BusinessDay, which valued the Sub-Saharan fashion market at $31 billion, with Nigeria contributing 15 percent to the regional market. Additionally, Statista projected the global fashion industry’s value to surpass $1.7 trillion in revenue for 2023, signifying growth from the previous year.
Polaris Bank’s accolades as Nigeria’s Digital Bank of the Year for consecutive years in Business Day’s Banks and Other Financial Institutions (BAFI) Awards, coupled with its recognition as Nigeria’s Best MSME Bank of the Year, underscore its commitment to leveraging technology to empower the MSME sector.
As a digital-forward institution, Polaris Bank continues to pave a customer-centric path by cultivating innovative partnerships that reshape businesses and communities alike.
The partnership between Polaris Bank and Eventful for The Fashion Souk 9.0 is a testament to the bank’s unwavering support for the growth and development of SMEs, particularly within Nigeria’s vibrant fashion industry.