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CBN moves to boost financial services

By on September 2, 2014

The Central Bank of Nigeria says it is investing heavily in corporate social responsibility as a strategy to improve security of lives and property.

The bank said the investments would also enhance financial services, while also improving the welfare of members of its host communities nationwide.

The CBN’s Ilorin Branch Controller, Mr. Onoriode Olotewo, who stated these, called on other corporate organisations, especially in the financial sector, to invest more in CSR to boost economic activities and wellbeing of customers.

He spoke in Ilorin on Friday during the inauguration of projects in Osere, Ilorin West Local Government Area and Idi Emi in Lasoju, Asa LGA.

“Corporate organisations, groups and even wealthy individuals should invest more in assisting communities to have essential amenities. Such would endear the communities to the organisatons or individual and help protect investments and encourage more patronage as well as ensure the wellbeing of the people,” Olotewo said.

He said the CSR initiative was conceived by the leadership of the central bank in order to plough back its ‘accruals’ to the host communities of the CBN’s branches.

Olotewo stated that the CBN had encouraged its staff members nationwide to contribute a portion of their salaries for the provision of essential amenities in their host communities.

 

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