Stanbic IBTC to Partner Kaduna, Others on Economic Transformation 


Eromosele Abiodun

Stanbic IBTC Plc has expressed its readiness to partner the Kaduna State government, and other state governments, to ensure that their transformation agenda was realised and the benefits of democratic governance felt by the people.

The Chief Executive, Stanbic IBTC Holdings Plc, Sola David-Borha, made the promise in a goodwill message she delivered at the inaugural annual Kaduna State Economic and Investment Summit, co-sponsored by the bank.

The Kaduna State Economic and Investment Summit, with the theme  “Let’s Move Kaduna into the Global Economy”, was conceived by the state government to engage the private sector and fashion out a sustainable strategy for public private partnership that will help bring to fruition the developmental aspirations of the state.

In a presentation, the state governor, Mallam Nasir el-Rufai, had outlined the government’s economic agenda and vision as well as its development plans.

David-Borha said as a member of the over 150-year Standard Bank Group, Stanbic IBTC has a rich pedigree to tap into to deliver timely and sustainable results across the spectrum of financial services in the key focus sectors as outlined by the Kaduna State Governor, Mallam Nasir el-Rufai, in his opening presentation.

“We believe that our role as financial partners is to ensure the realisation of the vision that the state government has articulated. We have already begun partnership with Kaduna State in the area of small and medium scale enterprises and we would like to finance some of their agricultural projects,” David-Borha stated.

She said as an end-to-end financial institution, with experience and expertise in personal, business and corporate banking, as well as wealth creation, Stanbic IBTC is ready to tap into opportunities in Kaduna State and across the country to finance developmental projects in Mining, Agriculture, Education, SMEs and other key sectors that will help boost government’s employment generation drive and eventually raise the standard of living of the populace.

“As an institution, we have a strong pedigree in mining. Across Africa, we have provided financing in mining and we believe we can do same in Kaduna State,” David-Borha stated, adding, “In terms of wealth creation, we believe we can partner with the state government in increasing the wealth of the people in terms of managing their pensions and also by providing educational trusts for residents in Kaduna to enable them provide for the education of their children.”