Citibank Nigeria commemorates 7th micro entrepreneurship awards
Citibank Nigeria Limited commemorated its seventh Citi Micro Entrepreneurship Awards ceremony, recently, at the Sheraton Hotel Abuja. The event held as part of the Central Bank of Nigeria’s (CBN) eighth Annual Microfinance Conference and was organised in partnership with the CBN as well as the Growing Businesses Foundation (GBF). This year, Citi honoured 17 micro-entrepreneurs from across the country for their business innovativeness.
The Micro-finance Conference and Awards ceremony was hosted by the CBN governor, Godwin Emefiele. It drew top government officials from across the federation including the President Goodluck Jonathan as well as the governors of Abia, Anambra, Akwa Ibom, Delta, Gombe, Kogi, Niger, Ogun, Ondo, Oyo, and Sokoto states.
Other dignitaries in attendance included the deputy governor of Bayelsa, the minister of women affairs, the minister of agriculture and development, the country director for the World Bank, Abuja, Michael Wong, representatives from international development agencies and the CBN deputy governor, economic policy, Sarah Alade, who gave the vote of thanks. While at the event in Abuja, President Jonathan launched a N220 billion Micro, Small and Medium Enterprises loan facility to support business development in Nigeria.
Omar Hafeez, managing director/CEO, Citibank Nigeria Limited, in his speech, highlighted Citibank’s commitment to micro-entrepreneurship around the world, saying in the last seven years, Citi has committed more than $560,000 to micro enterprises development in Nigeria as well as over $2,000,000 towards the advancements of small and medium businesses in more than 28 countries of the world, consequently improving the lives of micro-entrepreneurs globally.
According to him, this year marks Citi’s 30th year of service to Nigeria and we remain committed and responsive to the strategic and economic initiatives of the country. For us at Citi, we understand that there is simply no substitute for innovation. Enabling progress is not just something we do, it’s who we are and our ability to do it better than anyone else is what sets us apart.
At the awards ceremony, plaques, certificates and cash prizes were handed out under seven major categories; Best Woman Entrepreneur, Best Micro Business Model, Most Marketed Product, Most Innovative Product, Best Employment Generation, Best Micro Entrepreneur, and the Most Innovative Microfinance Institution. The awards were then presented to the winners and runners-up by Emefiele, Hafeez, Ndidi Nnoli-Edozien, the founder of GBF, and several other CBN officials.
Citibank Nigeria Limited is a subsidiary of Citigroup Inc. (Citi). The bank started its operations in Nigeria in 1984, and focuses on corporate and investment banking, with a broad range of services, including global transaction services, sales and trading, corporate finance and investment banking services being offered to corporate and commercial customers, financial institutions and public sector organizations. Citibank Nigeria operates 12 branches and has almost 250 employees across the country.
This post originally appeared in businessdayonline.com