President Muhammadu Buhari has lauded the First Bank of Nigeria (FBN) for being part of the top players in the finance industry representing the country well across several continents.
The president, who was represented by the Minister of Finance, Zainab Ahmed at the bank’s 125th anniversary celebration held in Eko Hotels and Suites, Lagos State gave the commendation.
Top dignitaries like the Vice President, Yemi Osinbajo, in company of his wife Dolapo Osinbajo, the Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido, the vice presidential candidate of the Peoples Democratic Party (PDP) Peter Obi, Oba Otudeko, the chairman of FBN Holdings Plc., the Minister of Power, Works and Housing, Babatunde Fashola, and others from different walks of life, from all over the world graced the event.
Speaking as a panelist during the plenary session themed “Global Interdependency as Catalyst for Africa’s Ascendancy”, the minister said Nigeria must do more to enable the business environment and improve security such as physical security as well as security of capital. This she said will make investors to choose to come to Nigeria and be comfortable that their investments will grow and flourish.
While lauding the bank for making Nigeria proud across several continents by its innovation and technology, she urged the organization to continue to do more because many citizens are still excluded financially.
She also assured that the Federal Government will continue to work with the Financial Sector to provide the necessary policies to ensure coverage for more Nigerians.
Speaking on the Ease of Doing Business, the minister noted that sound fiscal policies are key to improving ease of it.
“We must also improve the regulatory environment so that businesses can thrive. It is also important to invest in governance and in strengthening our institutions,’ she added.
She also pointed that there is need for investment in critical infrastructure to enhance business, especially transport as well as communication, in order to enable businesses concentrate on their core functions.