NESG: UBA Restates Commitment To Nigeria's Economic Growth

LAGOS, September 13, (THEWILL) - Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA), Mr. Phillips Oduoza has restated the commitment of the bank to the development of the Nigerian economy.

Speaking when the bank hosted the board meeting of the Nigerian Economic Summit Group (NESG) in Lagos, Oduoza said UBA as a leader in Africa’s financial services industry would continue to provide financial and advisory supports towards accelerating infrastructural development and jump starting other critical sectors of the Nigerian economy.

“Hosting the strategy session of the board of NESG is in line with our quest to catalyze economic development of countries where we have presence. It also aligns with our view that private sector participation is a necessary step in driving growth and development in Nigeria and Africa,” said Oduoza.

The NESG seeks to achieve its vision of being Nigeria’s economic advocacy group through three focus activities comprising policy advocacy, research/communication and education. The Director General of NESG, Mr. Frank Nweke said issues discussed at the meeting focused on how the Group’s positioning in the emerging economic trends and support the thrust of government’s initiatives in economic diplomacy and attraction of Foreign Direct Investment (FDI).

UBA Plc is the leading financial services group in Africa with presence in 19 African countries (including Nigeria) as well as United Kingdom, United States of America and France. With presence in New York, London and Paris, UBA is connecting people and businesses across Africa through retail and corporate banking, innovative cross-border payments and remittances, trade, finance, investment banking and wealth management services.