FirstBank Expresses Resolve to Support Businesses for Economic Growth

Ugo Aliogo

First Bank of Nigeria Plc has expressed its resolve to continue supporting businesses through various initiatives and providing financial solutions for a thriving business environment and economic growth.

Speaking at the FirstBank Forum for Southwest Fast-Moving Consumer Goods (FMCGs) FMCGs business operators in Lagos, the Group Executive, Transaction Banking, FirstBank Nigeria Limited, Mrs. Olaitan Martins, reaffirmed the commitment of the bank of the bank to support businesses and grow the economy.

She also noted that the interactive section was for FMCG distributors in Southwest to enlighten them on business development and how to grow their income bases.

Martins said that the forum was part of the bank’s efforts to engage and educate its customers on business development and to appreciate key distributors and principals in the FMCG sector.

She remarked that it was important to support businesses that contribute to the nation’s economy through the distribution of fast-moving commodities.

According to her, “Our customers are the key distributors and the principals. They are the large corporates and the main companies in Nigeria. Today’s event is just to enlighten them and celebrate them for what they have been doing in contributing to the nation and to the distribution channel for fast moving commodities. It is also an opportunity for us to thank them for their businesses and really educate them on how to run this value chain business because, in everything, there is risk. It is important that we assist our customers.”

Earlier in his remarks, the Group Head, Transaction Banking, FirstBank, Mobolade Ojeahere, revealed that it had become imperative for the bank to engage the distributors because of the exchange rate volatility.

He said the interactive session was also to get feedbacks, look for solutions and how to turn challenges into opportunities.

The officials of the bank took turns to introduce various products of the bank, clarify myths about bank loans and also spoke on how distributors could leverage on opportunities.

The event presented opportunities for the business owners and bankers to discuss market trends for critical sectors being dominated by FMCGs.