Lauds First Bank’s resilience at groundbreaking for new headquarters
President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to creating a sustainable and globally competitive economic system that enables Nigerian banks and financial institutions to flourish.
Speaking at the groundbreaking ceremony for First Bank of Nigeria’s new headquarters at Eko Atlantic City, Lagos, on Wednesday, Tinubu, represented by Vice President Kashim Shettima, emphasized that banks can only prosper within a thriving economy.
“Banks are the engines of economic growth, and we owe it to them to champion a system that guarantees sustainability and global competitiveness. Our expectation is for our banks to excel, to expand beyond our shores, and to earn their place among the world’s most viable and profitable enterprises,” he stated.
The President noted that his administration assumed office at a time that required bold economic decisions to stabilize the fiscal and monetary landscape. He maintained that government policies are driven by the urgency to transform Nigeria’s economy without delay.
Commending First Bank’s resilience over the years, Tinubu attributed the institution’s success to its ability to reinvent itself and remain relevant amid evolving financial landscapes.
“From the Bank of British West Africa to Standard Bank of West Africa and, finally, to this 130-year-old success story, First Bank has remained a towering institution, outliving disruptions and redefining banking through the decades,” he said.
He praised the bank’s decision to invest in a state-of-the-art headquarters, describing it as a strong statement of its commitment to long-term growth and innovation.
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“This groundbreaking ceremony is not just about laying the foundation for a new edifice; it testifies to First Bank’s commitment to reinvention—to adapting to the realities of our time while staying true to its heritage,” Tinubu added.
The President assured the financial sector of his government’s dedication to fostering a business-friendly environment, stressing that Nigeria cannot afford to delay its economic transformation.
“This administration is committed to creating an enabling environment for businesses to flourish, and I assure you that you have a partner in this government. We are here to climb the hills of progress with you,” he declared.
Lagos State Governor, Babajide Sanwo-Olu, also spoke at the event, applauding Vice President Shettima for his dedication to national development.