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First Bank offers 90 day extension on SMEs loans,additional palliative measures

First Bank offers 90 day extension on SMEs loans,additional palliative measures

Leading financial services provider in Nigeria, First Bank, has announce its plans to provide enhanced palliative measures to help its customers and Nigerians in the light of the ongoing COVID-19 pandemic and the resultant lock down effect on Nigerians in particular.

Among these measures are; the introduction of  special waivers on repayment fees on the Bank’s credit cards as well as up to 90-days moratorium on SME loans. The aim of these is to cushion the impact of the toll on employment and livelihoods.

It was announced in the course of the week that the Lagos State Government & Roducate e-learning initiative – sponsored by First Bank  had kicked off. The initiative includes the government accredited curriculum for primary, secondary and tertiary schools designed to ensure children are adequately guided and engaged through their learning experience. NAIRAMETRICS reports.

Upon the lock down in March, the Bank had announced to move One Million children to e-learning which is implemented with a number of renowned organizations that have come on board from within and outside the continent. These partners include IBM, which is providing opportunities for the acquisition of digital skills including Coding, Artificial Intelligence and Data Science & Analytics which would promote opportunities to learn skills of the future. These measures are taken in identifying with the roles of children at securing the future of any country.

Reflecting on the words by Benjamin Franklin, thus ‘an investment in knowledge pays the best interest’ Dr. Adesola Adeduntan, CEO, First Bank said “in keeping with who we are at First Bank, our commitment to self-development and continuous improvement is never far from our thinking. As such we are encouraging all to consider and register for any of the excellent programmes being offered free by Ivy League schools and have curated a list of them covering topics such as management, personal development, and entrepreneurship which can be found on our website.

In addition, Dr. Adeduntan stated that “with these measures, we are delighted to support our customers because you all have empowered us to do so by choosing to Bank with us. This is indeed a time to double down efforts and explore opportunities to ease the impact of the extension on you.

Once again, we appreciate our customers for the giant strides achieved on our alternative channels, as we assure you of our commitment to continue to work tirelessly to provide essential banking services across these channels. The transaction volumes is a positive testimony to the resilience of our staff and your Bank to keep things going as COVID 19 will neither defeat nor slow us down. We remain fully persuaded that together we will overcome this too.” 

“Our experience over 126 years tells us the solutions lie within us, more than ever as we uphold our promise to you to be here for you and put You First always,” he concluded.

 

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