Home NewsOndo State News Akeredolu reiterates need for banks support to survive economic recession

Akeredolu reiterates need for banks support to survive economic recession

by ondoevents
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The Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, on Tuesday reiterated the need for support of banks to survive the economic recession.

Akeredolu made this known during a courtesy call by First Bank of Nigeria group led by the MD/CEO, Dr Adesola Adeduntan, which took place in Akure.

He said the government needed economic and financial support of banks to survive the recession.

“The challenges we are facing is enormous and it’s not where we put our money that matters, but the support.”

“It used to be vice versa. Am happy you raised the issue of growth and development.”

“We are prepared to do business with you and more, we ask of your assistance,” he said.

The Governor further enjoined the MD to ease the burden of Owo local government by providing more ATM’s, to reduce the chaotic queues usually experienced at the first bank branch.

Earlier, Dr Adesola Adeduntan, MD/CEO, First Bank Nigeria Plc, said all governments had serious assignments at hand due to the recession.

“The state of the economy is improving but not to what it used to be, so we need to be more creative, agile and leaner so that we can deliver dividends of democracy to the teeming populace.

“We are here to pledge and provide economic and financial support such that this administration will be able to deliver on their promises to the people. When we do that jointly, we get economic growth.

“In firstbank, you have a partner for the long haul because we are not just in it to make money, but to also provide growth and development,” he said.

He explained that due to their digitalization, the banking services was now accessible and available to all, even at home, which was part of solutions to be put at the disposal of the present administration.

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