Nigeria: Fidelity Bank collaborates with LCCI to tackle business challenges

Fidelity Bank Plc has reaffirmed its commitment to supporting businesses in achieving profitability and sustainability.

The event, hosted at the LCCI office in Lagos, included a panel session with key figures from various sectors of the Nigerian economy.

Giving her keynote address at the event titled, “Promoting Trade and Industry in Nigeria: Government Initiatives and Opportunities for Business Growth,” the Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, who was represented by the Managing Director, Tafawa Balewa Square Managing Board, Mrs. Lucia Shittu, said, “As a government, our responsibility is to provide the environment for ease of doing business that allows corporations to thrive similarly in other countries where they have representation.”

Addressing the event attendees, Dr. Nneka Onyeali-Ikpe, the MD/CEO of Fidelity Bank Plc, represented by Mr. Osita Ede, the Divisional Head of Product Development at Fidelity Bank Plc and Chairman of the Financial Services Group at LCCI, advocated for robust partnerships between the public and private sectors to stimulate economic growth.

In her words, “In the face of economic uncertainties, it is crucial that we embrace a mindset of resilience, adaptability, and collaboration. Together, we can identify opportunities that will not only sustain our businesses but also drive collective prosperity.”

Similarly, the President of the LCCI, Asiwaju (Dr) Michael Olawale-Cole championed the cause of business owners at the event, explaining that, “As business owners, we are faced with high operating costs and weak consumer demand due to high inflation and declining purchasing power.