Fidelity Bank, BOI, Ford Foundation Unveil Lending Scheme For Aba Leather Manufacturers

Lender Donates Fully Equipped Secretariat To LEPMAAS Fidelity Bank Plc, top Nigerian lender in strategic partnership with the Bank of Industry (BoI) has launched the Aba Finished Leather Goods Cluster Financing Programme, as part of continuous efforts to promote Made-in-Nigeria goods capable of meeting global standards for export and local consumption. N400 million in financing provided by BoI will be made available on a quarterly basis to over 300 members of the Leather Products Manufacturers Association of Abia State (LEPMAAS). The funds will be disbursed through the Fidelity Bank while…

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Fidelity Bank co-funded BUA Group’s $350m cement factory commissioned

On Tuesday, July 17, 2018, the Vice President of Nigeria, Yemi Osinbajo commissioned the new BUA Cement Factory located on Kalambaina Road in Sokoto State. Co-funded by Fidelity Bank Plc, the project which commenced in 2015 has an installed capacity of 1.5 metric tonnes per annum and is valued at $350 million. Fidelity Bank’s involvement in this project further demonstrates the Bank’s resolve to grow the country’s manufacturing sector. Regarded perhaps, as the single largest private sector-led investment in North West Nigeria, the plant is part of the company’s expansion…

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