Annual Report & Accounts December 2009 – Charting new frontiers

Entrepreneurship and Economic Development

FirstBank has been consistent in the entrepreneurship and economic development of stakeholders through support for programmes geared towards the promotion of entrepreneurial skills and economic empowerment.

The Bank made the following commitments in entrepreneurship and economic development:

  • N110 million to Vision 2020 Business Support Group.
  • N85.3 million for road construction in Sokoto state.
  • N45.55 million for the Police Television Programme 'Crime Fighters, The Police & You'.
  • N30.15 million for the 2009 NLI Future Leaders' Seminar and Award Dinner organised by Nigeria Leadership Initiative.
  • N18.1 million for the 19th World Economic Forum held in South Africa.
  • N15.7 million for the US Embassy/Private Sector Forum.
  • N13.1 million to the World Economic Forum.
  • N10 million to the Nigerian British Chamber of Commerce for the International Gateway Economic Partnership Summit.
  • N10 million for Sadauna Magazine's Annual Excellence and Leadership Award 2009.
  • N10 million for the 10th anniversary of the Nigerian-South African Bi-National Commission.
  • N9.6 million to National Pension Commission for the implementation of the Pension Reform.
  • N7.5 million for the 2009 Lagos Bankers' Night.
  • N7.1 million for the Pre-Golden Jubilee celebrations of Anglo-Nigeria Relations.
  • N5.3 million for the Nigeria Infrastructure Conference and Exhibition 2009.
  • N5 million for the International Energy Roundtable.
  • N5 million to Federal Government New York Film Academy.
  • N5 million for the Alumni Dinner for SEC Participants of the National Institute for Policy and Strategic Studies.
  • N5 million for Gala Night Dinner for the ninth National Women Conference.
  • N5 million for the Nigerian International Agribusiness Summit and Expo.
  • N5 million to the Imo State Ministry of Petroleum and Environment.
  • N5million to the Sir Ahmadu Bello Memorial Foundation.
  • N4.7 million for the Business Investment Forum for Governors in Hague.
  • N4 million for the Nigerian International AgriBusiness Summit.
  • N3.8 million for the G-20 Pittsburgh Summit 2009.
  • N3.5 million for CBN's 50th Anniversary.
  • N2.6 million for Banking Technology West Africa Conference and Expo.
  • N2.5 million to Women in Business eighth Annual Conference.
  • N1.4 million for the 20th Enugu International Trade Fair.
  • N1 million each for the Annual General Meeting of the British Chamber of Commerce, Africa Business Round Table Conference held in Abuja, the 2009 Nigerian– American Business Men's Event, the Second Nigerian– German Business Forum, the FATE Foundation Annual Celebration and Entrepreneurial Awards, and the sixth edition of the Annual Corporate Financial Reporting Summit and Dinner.
  • Other entrepreneurial and economic interventions include support towards the 2009 edition of The Nigerian Stock Market Annual, the Businessday 2009 Special Report on Bond, the First International Conference on Nigeria Textile Industry, the proposed Skill Acquisition Centre, Damaturu, sponsorship of six customers to participate in LEAP Africa's Business Leadership programme held in Lagos, three participants to participate at the second International Conference on Non-Oil Exports, the Action Coach Growth and Success Seminar, the Chamber's Business Day by the Nigeria–British Chamber of Commerce, the Nigerian–German Business Quarterly, donation to NDLEA Officers Memorial Trust Fund and Red Ribbon's Campaign, AREF World Refugee Day, Chike Okoli Foundation, Nigerian National Disabled Multi-Purpose Corporative Society, the 2009 Lagos International Trade Fair, Enterprise Seminar for Abiriba Business Persons, 10th International Chamber of Commerce, Nigeria Dinner and Dance, sponsorship of the CIPM Registrar to speak at the conference on Human Capital Innovation in the Oil, Gas and Petrochemical Industry, Bottomline Magazine's 10th Anniversary Seminar, The Nigerian Stock Exchange Fact Book 2009, Book Launch by Eugenia Abu and Book Launch in honour of former Inspector General of Police – Dr Mike Okiro, all totalling N5.1 million.