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Oceanic boss urges joint effort to building a stronger Nigeria

Chief Executive of Oceanic Bank International Plc, Dr. (Mrs.) Cecilia Ibru has called on stakeholders  in the Nigeria project to join hands together towards building a stronger Nigeria.  She said the job of developing the country should not be left to the government alone, urging private sector to get involved  in all segments of the economy for the purpose of real economic growth and development.

Ibru noted  that all developed economies of the world are led by private sector while the government only provide the enabling environment for the sector to thrive and contribute to the national development.

She said it was in this context that Oceanic bank has taken up the gauntlet to provide massive infrastructure finance in critical sector of Nigeria’s economy and assured that the global economic financial meltdown notwithstanding, the bank will do all within its powers to help the government of all tiers in the area of infrastructure financing, using the public private sector partnership platform.
From Agricultural sector, Oil & Gas sector to Healthcare sector and even the Media among many others, the bank, according to her has effectively imprinted its footstep by judiciously disbursing its set aside funds.

Among the many companies that have  benefited immensely from the funds of Oceanic Bank are: Nigerian Army Small Scale Drugs Manufacturing Unit (NASDMU); Wordsmithes Printing;  Gasoil Engineering Limited; Larnagold Limited; Golden Lad Industries; DVI Telecoms; Hydro Resources Industries; Atobi Metals and Paper Industry; Gazetta Communications; and Cyrus Woodcrafters Limited. Others include: Golden Astoria; Kwara State Government; Card Technology and Meggito Venures Limited among many others.  It would be recalled that in true to its vowed focus of building a stronger Nigeria, alongside the government of all tiers, Oceanic has continued to play vital roles in financing several infrastructure development projects across the nation.

The bank’s intervention in such projects is creating wealth for Nigerians and has continued to act as a catalyst for the growth and development of the nation’s real sector especially.

Ibru said Oceanic has fully identified with the principles and ideals of Public – Private Partnership (PPP) because it is only through such collaborations that the process of infrastructural development could be accelerated and developed to meet international standard.

Also, it is through such schemes that citizens will be empowered and their living standards improved. One of the most outstanding PPP projects, for the bank is the partnership with Bi-Courtney to develop and modernize MMA2 on Build, Operate, and Transfer (BOT) basis.

Other projects the Bank has handled was under the PPP model include the provision of a term loan for the Bar Beach reclamation project. The project being handled by Hitech Construction Company has shored up the bar beach shoreline resulting in a new lease of life to people and companies operating in the Victoria Island area and surrounding.


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