Commercial Bank, Rotary Club Empower 200 Widows In Nigeria
First City Monument Bank in Nigeria has supported the Rotary Club of Lagos, District 9112, to empower over 200 widows through micro-credit and skills acquisition.
The bank said that the initiative underscored its commitment to promoting women’s empowerment and financial inclusion.
The announcement of the partnership was made during the recent installation of Adetunji Lamidi as the 64th president of the Rotary Club of Lagos.
“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 have already donated infant incubators to Island Maternity as our first project for the year,” Lamidi said.
Micro-credit fund
In her remarks, the Managing Director of FCMB, Oluyemisi Edun, said, “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.”
Lamidi also announced plans to increase the club’s micro-credit fund to N20m to support five markets across Lagos.
“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.” He said.
Recently, FCMB launched an initiative to expand its support for small and medium-sized enterprises across Nigeria, following the signing of a $25m agreement with the Dutch Entrepreneurial Development Bank and the European Commission.
Punch news/Olusola Akintonde
