IN furtherance of its continued
commitment to growing the
Nigerian economy and in line
with the growing emphasis
of the federal government
to diversify the economy,
Sterling Bank has concluded
plans to champion the use of
locally manufactured goods
and services by initiating
what it has described as the
“Made in Nigeria” week from
Monday, April 24 – 29, 2016.
The Bank’s Executive
Director, Finance & Strategy,
Mr. Abubakar Suleiman said:
“The week is an opportunity
for us to promote a sense
of pride and confidence
in Nigerian grown brands
starting with our people. For
the entire week, we intend
to showcase and celebrate
everything Nigerian as a
brand that supports our
indigenously manufactured
Other initiatives already
undertaken by the Bank to
promote local entrepreneurs
include its partnership with
Innoson Motors Limited, the
first indigenous manufacturer
of vehicles, to finance the
purchase of locally made
vehicles produced by the
company; the financing and
even business patronage
of Labana Rice mills, an
indigenous rice mill amongst
The campaign also serves
as an avenue to create
employment especially for
the Nigerian entrepreneurs
involved in the production
of these goods. The patronage
of local manufacturers of local
attires for instance, is expected
to also boost the local economy
especially those in the fashion
and shoe making industry,
adding that the initiative was
one of the numerous initiatives
the Bank was undertaking to enrich the lives of Nigerians.
Mr. Suleiman said “This
campaign comes at a critical
time in the country, a time
when there is an increasing
call to look inwards especially
in the face of the current foreign
exchange pressures; pressures
that have resulted from the country’s overdependence
on oil exports for foreign
exchange and global oil sector
downturn driven by the falling
oil prices which in turn has
dampened economic growth
and negatively impacted other
sectors with prices of imported
products and inputs rising
“For the country to get
out of this situation, there is
an urgent need to diversify
the economy and empower
the manufacturing sector
in the country. But the
manufacturing sector will
not strive if they are not
patronized by Nigerians.
This is why we want to start
with our staff by setting
aside a week when we will
wear only fabrics and other
locally made products to the
office,” he said

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