FCMB, Rotary Club provide support to 200 widows

By Esther Agbo

First City Monument Bank (FCMB) has partnered with the Rotary Club of Lagos, District 9112, to empower over 200 widows through micro-credit and skills acquisition programs.

This initiative highlights FCMB’s dedication to promoting women’s empowerment and financial inclusion.

The partnership was announced during the recent installation ceremony of Adetunji Lamidi as the 64th president of the Rotary Club of Lagos.

Lamidi said, “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.”

The Managing Director of FCMB, Oluyemisi Edun, expressed the bank’s enthusiasm for the partnership, stating, “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 revealed plans to increase the club’s micro-credit fund to N20 million in support of five markets across Lagos, saying, “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.”

However, FCMB has recently launched an initiative to enhance its support for small and medium-sized enterprises across Nigeria, following a $25 million agreement with the Dutch Entrepreneurial Development Bank and the European Commission.