FINANCE

FirstBank, Rotary Empower 102 Beneficiaries With N20m Start-Up Kits

<h4>FirstBank<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reproduces a piece by Grace Alegba&comma;in which she presents clinical facts on how First Bank of Nigeria Limited with Rotary Club International&comma; District 9110&comma; has distributed N20 million worth start-up kits to 102 beneficiaries in Lagos to empower them across various trades&period; The piece was earlier published in News Agency of Nigeria&comma; NAN<&sol;p>&NewLine;<p>The First Bank of Nigeria Limited&comma; with Rotary Club International&comma; District 9110&comma; has distributed N20 million worth start-up kits to 102 beneficiaries in Lagos to empower them across various trades&period;<&sol;p>&NewLine;<p>The News Agency of Nigeria &lpar;NAN&rpar; reports that start-up kits distributed included&colon; grinding machines&comma; plumbing kits&comma; deep freezers&comma; sewing machines&comma; generators&comma; gas burners and cylinders&comma; barbers and hairdressers kits&comma; among others&period;<&sol;p>&NewLine;<p>NAN further reports that the community intervention project had beneficiaries from the three major ethnic groups in Nigeria drawn from Lagos&comma; Ogun and Oyo states&period;<&sol;p>&NewLine;<p>Mrs Helen Ihonre&comma; Unit Head&comma; Other SME Products e-Business and Retail&comma; FirstBank&comma; during the presentation&comma; offered insights on financial management and economic discipline&period;<&sol;p>&NewLine;<p>She emphasised the importance of maintaining records and accessing low-interest loans to support business growth and expansion&period;<&sol;p>&NewLine;<p>She urged beneficiaries to prioritise saving from the inception of their businesses&comma; while discouraging them from keeping funds at home&comma; which might lead to misuse&period; &OpenCurlyDoubleQuote;Start saving from the beginning of your business&period; Don’t wait till you sell then keep the money in your house”&comma; she said&period;<&sol;p>&NewLine;<p>Rotary District 9110<a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;"> Governor&comma; Ifeyinwa Ejezie&comma;<&sol;a> spoke on the significance of economic empowerment in Rotary’s initiatives and called for government collaboration to reach grassroots communities effectively&period;<&sol;p>&NewLine;<p>She emphasised the role of Rotary in complementing government efforts and stressed the need for recognition and partnership to enhance community development&period; She added that the N20 million items distributed were the largest the district had done in one empowerment initiative in recent times&period;<&sol;p>&NewLine;<p>Bukola Bakare&comma; Rotary International District Governor Nominee Designate&comma; explained the process and challenges of raising funds for the project and how they incorporated Rotary from Singapore to absorb shocks from inflation&period; She said&comma; &OpenCurlyDoubleQuote;everything that has been given here today is free for the beneficiaries”&period;<&sol;p>&NewLine;<p>She mentioned that FirstBank was a major sponsor for the project&comma; adding that the 102 beneficiaries were chosen based on a needs analysis from Igbos&comma; Hausa and Yorubas resident in Lagos&comma; Ogun and Oyo states&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;FirstBank is our major supporter for this programme” she said&period;<&sol;p>&NewLine;<p>Mr Babatunde Adewale&comma; Permanent Board Member&comma; Lagos State Universal Basic Education&comma; lauded the empowerment programme&comma; while reeling out contributions and projects of Rotary International to schools in the state&period; &OpenCurlyDoubleQuote;We really appreciate Rotary and SUBEB will always continue to collaborate with them&comma;” he said&period;<&sol;p>&NewLine;<p>Mrs Kemi Kalesanwo&comma; Director&comma; Lagos State Agency for Mass Education&comma; said that 22 out of the 102 beneficiaries were from the agency’s vocational training centres&period; Kalesanwo said that the state government believed in public&comma; private partnership and was happy with the collaboration with Rotary and FirstBank&period;<&sol;p>&NewLine;<p>She listed projects donated by Rotary to include construction of one of the eight vocational training centres&comma; owned by the agency in Igbogbo area of Lagos&period; Kalesanwo&comma; therefore&comma; urged other Nigerians to support government programmes&period;<&sol;p>&NewLine;<p>Otumba Wemmy Osunde&comma; Chairman&comma; Illisan Development Association&comma; Ogun State&comma; pledged personal commitment to ensuring beneficiaries utilise the items for economic gain&period;<&sol;p>&NewLine;<p>Adekunmi Adeniyi&comma; an industrial gas burner and cylinder beneficiary alongside other beneficiaries expressed gratitude to Rotary International and FirstBank for the initiative&period; He acknowledged the impact on their respective trades and crafts&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

Openlife Reporter

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