Oluchi Chibuzor
United Financial institution for Africa (UBA) Plc has reaffirmed its unwavering dedication to spearhead financial development throughout the continent via focused insurance policies geared toward maximizing the advantages derived from the mining and oil sectors.
To this finish, the financial institution is poised to collaborate with the Financial Group of West Africa States (ECOWAS) in the direction of implementing strategic initiatives that won’t solely entice funding but in addition foster sustainable growth into the mining and oil sectors.
The Chief Government Officer, UBA Africa, Abiola Bawuah, who spoke on the simply concluded 4th ECOWAS Mining and Petroleum Discussion board (ECOMOF 2024) which was held on the Palais des Congrès in Cotonou, Benin Republic, stated the financial institution recognises the pivotal function of the mining and oil sectors in shaping the financial panorama of African nations, and is strategically positioning itself to be on the forefront of this transformation.
“At UBA, we acknowledge the pivotal function that the mining and oil sectors play in shaping the financial panorama of ECOWAS member states and so, this ECOMOF 2024 Convention has supplied us with a strategic platform to reaffirm our dedication to fostering financial development within the area,” she famous.
In keeping with her, by formulating and advocating investor-friendly insurance policies by the sovereigns and monetary intermediation and helps supplied by UBA, the mining sector can be catalysed and remodeled into strong financial pillars contributing considerably to the nation’s Gross Home Merchandise.
“We imagine that via collaborative efforts and sound monetary methods, we are able to propel the mining and oil industries in the direction of sustainable growth, unlocking their full potential for the advantage of your complete area,” she added.
The Head of Company and Vitality Financial institution at UBA, Ebele Ogbue, who was additionally a panelist through the session, highlighted the pivotal function of Nationwide Oil and Gasoline Firms in advancing the event of the oil and gasoline trade’s worth chain.
He emphasised the importance of excellent company governance in making certain the sustainable development of Nationwide Oil and Gasoline Firms and underscored the necessity for strong collaborations amongst ECOWAS international locations, simply as he highlighted the significance of fostering sturdy regional ties to drive collective prosperity within the oil and gasoline sector.
