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July 11, 2024

Microcredit: FCMB supports Rotary Club of Lagos to empower 200 widows

Microcredit: FCMB supports Rotary Club of Lagos to empower 200 widows

From left: A Past President of Rotary Club of Lagos, Senator Kola Bajomo; District Governor of Rotary Club, District 9112, Rotarian Femi Adenekan; President, Rotary Club of Lagos, District 9112, Mr. Adetunji Lamidi; Managing Director, First City Monument Bank (FCMB), Mrs. Yemisi Edun, and the Assistant Governor, District 9112, Rotarian Ehi Braimah, during the installation of Mr. Lamidi as the new President of Rotary Club of Lagos, District 9112. The event was held on July 6, 2024, in Lagos.

First City Monument Bank (FCMB) has announced its support for a service project by the Rotary Club of Lagos, District 9112, to empower over 200 widows through micro-credit and skills acquisition. This initiative underscores FCMB’s commitment to promoting women’s empowerment and financial inclusion.

The announcement was made during the installation ceremony of Adetunji Lamidi as the 64th president of the Rotary Club of Lagos. The event, held recently in Lagos, highlighted the club’s ongoing efforts to expand its community impact.

“Our goals for the year are audacious, yet achievable,” said Lamidi. “We plan to commission a secondary school in Iboku Aro village, support over 200 children, empower 200 widows, and donate five incubators to general hospitals in Lagos. We’ve already donated infant incubators to Island Maternity as our first project for the year.”

In her remarks, Oluyemisi Edun, MD of FCMB, emphasized the bank’s support for the Rotary Club’s initiatives.

“FCMB views the Rotary Club as a vital platform for driving inclusion, national cohesion, and sustainable development,” she said. “We are delighted to support the club in empowering over 200 widows through micro-credit and skills acquisition under the new leadership of Rotarian Adetunji Lamidi.”

Lamidi also announced plans to increase the club’s micro-credit fund to ₦20 million to support five markets across Lagos. “We currently support the markets in Gbagada and Oke-Arin, and we aim to expand to five other communities. Additionally, we will build five bore-hole projects and provide annual scholarships for 20 university students across Lagos,” he said.