Breaking News

Citibank restates commitment to Nigeria’s economic development

Citibank Group has expressed its readiness to partner with governments at all levels in Nigeria to pursue the growth and developmental agenda of the country.

Speaking in Lagos at the launch of Citi Commercial cards, Mr. Francesco Vanni d’Archirafi, CEO and Global Head of Global Transactions Services, Citibank Group, said that the bank is committed to contributing in the growth of Africa and increasing its investment in the continent.

He noted that Nigeria presents enormous growth opportunities and the bank is ready to deploy its robust capital and balance sheet in tapping into the potential of the country.

He further stated that the bank is seeking a partnership with the Lagos State government in areas of infrastructure and economic development.

He said the partnership when consummated will provide it with an opportunity to deploy its experience in economic growth and development garnered over years.

Vanni d’Archirafi, who is on a tour of Middle East/Africa with other senior management of the bank said Citibank will continue to innovate and deliver high quality transaction services to its customers, especially as it is expecting its growth in Africa to come from being the best in providing efficient service to its customers.

Speaking in the same vein, Emeka Emuwa, Managing Director/CEO for Citibank Nigeria Limited said, “Nigeria continues to be a dynamic and exciting economy – one demanding local solutions with global service standards.

We remain fully committed to the market and as our clients expand globally, Citi will continue to make the investments in technology and global expansion necessary to ensure they receive an unrivaled level of support.”

He said Citi has identified Africa as a strategic focus for the Treasury & Trade (TTS) business and has set a goal of delivering market leading capabilities and practices locally from within the region.

He added that Citi has been present in the Africa for more than 50 years and has one of the one of the broadest networks across the continent. It is currently present in 16 countries with non-presence coverage of another 26


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.