Nigeria’s new generation bank, Sterling bank is looking to invest in transportation sector and is seeking for partnership to boost the sector.
FINANCIAL WATCH reports Sterling Bank has expressed its desire to partner with the Chartered Institute of Logistics and Transport (CILT) in a bid to positively influence development in Nigeria’s transportation sector.
According to Group Head, Strategy & Innovation, Sterling Bank Plc, Mr. Shina Atilola, while addressing executive members of the Institute who paid a courtesy visit to the corporate headquarters of the lender at Marina, Lagos, recently.
He said the transportation sector is a major contributor to the economy adding that “without effective transportation, businesses will not attain their true potential because they will be denied the opportunity to connect with supply chain partners and customers. We recognise the important role the transportation sector has played and is playing in the growth and development of the Nigerian economy, hence our engagement with CILT. This partnership will ensure that we understand the language of the transportation sector, making it easy to develop financial products that will suit its needs,” Mr. Shina Atilola explained.
On her part, Chief Human Resource Officer, Sterling Bank, Mrs. Temi Dalley, commended the institute for its robust curriculum which advances the development and improvement of the local logistics, transport and supply chain sub-sectors.
Earlier in his remarks, Mr. Paul Ndibe, Acting National Executive Director of the institute, said the organisation started in 1919 in the United Kingdom while it became operational in Nigeria in 1958, and has been contributing in various ways to the development of logistics and transportation sector of the Nigerian economy.
The visit was also to enable executive members of the institute discuss how Sterling Bank could collaborate with it in the execution of its upcoming forum with the theme “Building Capacity for Efficient Logistics & Transport Services in Africa”, which is scheduled to hold March 14th – 16th, 2018.