Buhari commends first bank

Buhari Commends FirstBank’s Role in Economic Development

Business News

President Muhammadu Buhari has commended the First Bank of Nigeria Limited for the role it has played towards contributing to the development of the nation’s economy.

First bank is celebrating its 125 years of existence with a month-long activity, part of which entailed the ringing of the closing gong bell at the Nigerian Stock Exchange (NSE) on Monday, March 25.

The President, on his twitter handle and in a statement issued by his special adviser on media & publicity, Femi Adesina, congratulated the board, management and staff of First Bank for upholding the vision of the founder, Alfred Lewis Jones.

 “On behalf of the Federal Executive Council (FEC), and of the people of Nigeria, I congratulate First Bank of Nigeria, the oldest bank in the country on its 125th anniversary. We salute the vision and dynamism of the management team, I urge the bank to continue supporting the Nigerian economy, especially by providing financial lifeline for businesses,” Buhari said.

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 Buhari also  said as the oldest bank in Nigeria, First Bank Nigeria Limited has lived up to the expectation of customers over the years, both private and public, necessitating its survival and continuous service as a formidable training ground for many Nigerian bankers and chief executives, who have also established banks and served the country as Governors of Central Bank of Nigeria (CBN).

He saluted the vision and strength of character of the management in providing a voice for the Nigerian economy by rendering competitive financial services that have culminated in spread of branches across the country, Africa and Europe.

 The President said he joins the financial services industry, particularly the banking sector, “in celebrating the purposefulness, prudence and propriety that has become the hallmark of the bank for more than a century and quarter.”

 He used the occasion to applaud banks operating in the country for generally supporting government policies in buoying the economy, especially with the renewed focus on infrastructural development and providing financial lifelines for businesses, urging them to always explore partnerships that will benefit the country and promote trust.

The bank which commenced operations in the country since 1894, and has since become one of the top lenders in Nigeria, is the country’s oldest bank and one of the few institutions in the world to surpass the 100-year milestone.  

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