Microcredit: FCMB, Rotary Club of Lagos to Empower 200 Widows

Oluchi Chibuzor 

First City Monument Bank (FCMB) has announced its support for a service project by the Rotary Club of Lagos, District 9112, to empower over 200 widows through micro-credit and skills acquisition. 

The announcement was made during the installation ceremony of Adetunji Lamidi as the 64th president of the Rotary Club of Lagos. The event, held in Lagos, highlighted the club’s ongoing efforts to expand its community impact.

The bank in a statement said the initiative underscores its commitment to promoting women’s empowerment and financial inclusion.

“Our goals for the year are audacious, yet achievable. We plan to commission a secondary school in Iboku Aro village, support over 200 children, empower 200 widows, and donate five incubators to general hospitals in Lagos. We’ve already donated infant incubators to Island Maternity as our first project for the year,” said Lamidi.

In her remarks, MD of FCMB, Oluyemisi Edun, emphasized the bank’s support for the Rotary Club’s initiatives.

“FCMB views the Rotary Club as a vital platform for driving inclusion, national cohesion, and sustainable development. We are delighted to support the club in empowering over 200 widows through micro-credit and skills acquisition under the new leadership of Rotarian Adetunji Lamidi,” she said.

Lamidi also announced plans to increase the club’s micro-credit fund to ₦20 million to support five markets across Lagos. He added, “We currently support the markets in Gbagada and Oke-Arin, and we aim to expand to five other communities. Additionally, we will build five bore-hole projects and provide annual scholarships for 20 university students across Nigeria.”