First City Monument Bank (FCMB), a financial services holding company, has partnered with the Rotary Club of Lagos, District 9112, to empower over 200 widows through micro-credit and skills acquisition.
This was disclosed during the inauguration of Adetunji Lamidi as the 64th president of the Rotary Club of Lagos highlighting the club’s 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 have already donated infant incubators to Island Maternity as our first project for the year,” Lamidi said.
Oluyemi Edun, managing director of FCMB said the company 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.
Read also: FCMB acquires $15m facility to boost trade finance
She added that FCMB recently launched an initiative to expand its support for small and medium-sized enterprises across Nigeria, following the signing of a $25 million agreement with the Dutch Entrepreneurial Development Bank and the European Commission.
However, Lamidi announced plans to increase the club’s micro-credit fund to N20 million 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.
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