The First Bank of Nigeria English International, District 9110, has taken a significant stride in empowering individuals across various trades by distributing start-up kits worth N20 million to 102 beneficiaries in Lagos.
The distributed kits encompass a range of tools such as grinding machines, plumbing kits, deep freezers, sewing machines, generators, gas burners and cylinders, as well as barber and hairdresser kits.
During the presentation, Ms. Helen Ihonre, Unit Head of Other SME Products E-Business and Retail at FirstBank, provided valuable insights on financial management and economic discipline. She emphasized the importance of maintaining records, accessing low-interest loans, and encouraged beneficiaries to prioritize saving from the onset of their businesses. She also discouraged keeping funds at home, highlighting the benefits of opening a bank account.
Rotary District 9110 Governor, Ifeyinwa Ejezie, underscored the significance of economic empowerment in Rotary’s initiatives and advocated for government collaboration to effectively reach grassroots communities. She stressed Rotary’s role in complementing government efforts and urged for recognition and partnership to enhance community development.
Bukola Bakare, Rotary International District Governor Nominee Designate, elucidated the fundraising process and challenges encountered, emphasizing the partnership with Rotary from Singapore to mitigate shocks from inflation.
Mr. Babatunde Adewale, Permanent Board Member of Lagos State Universal Basic Education, lauded the empowerment program and reaffirmed SUBEB’s commitment to collaborating with Rotary.
Mrs. Kemi Kalesanwo, Director of Lagos State Agency for Mass Education, commended the collaboration with Rotary and First Bank, highlighting its impact on vocational training centers.
Otumba Wemmy Osunde, Chairman of IIlisan Development Association, Ogun State, pledged personal commitment to ensuring beneficiaries utilize the items for economic gain.
Adekunmi Adeniyi, a beneficiary, expressed gratitude to Rotary International and First Bank for the initiative, acknowledging its positive impact on their respective trades and crafts.
This initiative reflects a collaborative endeavor aimed at fostering entrepreneurship and economic empowerment in Lagos, thereby contributing to community development and sustainability.
