In a statement yesterday, signed by LAPO’s Managing
Director, Cynthia Ikponmwosa, it was stated that the partnership is also
targeted at promoting economic activities and recovery in some
conflict-affected areas in the North Eastern states of Nigeria, through a
market led intervention.
“This partnership fosters an alignment of purpose by both
organizations, which re-emphasizes ‘rural engagement, empowerment, resilience
and sustainability.’ This is in line with our mandate of over 30 years
commitment to social and economic empowerment of members of low-income
households who are most vulnerable.
“Our collaborative interventions such as access to financial
and business advisory services to smallholder farmers and other micro, small
and medium enterprises in the target locations will further contribute to the
current efforts at enhancing financial inclusion and rural economic resilience.
“While we recognize that our footprint in rural agriculture
support in Nigeria as well as our branch network has made LAPO Microfinance Bank
a preferred financial institution for this partnership, beyond this, it is our
commitment to invest in the real economy. We look forward to fruitful
collaboration,” she noted.
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