Afribank Sets Aside N3billion for Cement, Flour Mills Dealers


Afribank Nigeria Plc has set aside the sum of N3billion to fund its specialized Cement and Flour Distributorship Scheme to aid the business of flour mills and cement dealers nation-wide. The scheme is designed to fund working capital needs of the dealers.



Joke Giwa, Executive Director, Corporate, Commercial and Retail Banking, Afribank, at a Business Forum organized by the bank for Flour Mills and Cement Dealers in Lagos yesterday, stated that “Afribank believes in empowering its customers by helping them to achieve their goals”.



The bank will also support the dealers with value added services which include flexible banking hours; transaction based lending anchored on Authority to Collect (ATC), mobile banking and financial advisory services to aid their business decisions. The services are available to both existing and prospective dealers.


She added that Management of the bank believed that the support to the flour mills and cement dealers will enable them to increase their business capacity, expand outlets and increase their revenue.



Joke Giwa explained that the bank will assist the dealers to increase their sales volume and profitability through access to credit as well as management of accounting records and offering of business advisory services.



Commenting on the services of the bank at the forum, a customer, Lady V.P Okejie, Chief Executive Officer, Blessed Peace Enterprises Limited, said, “One thing I know about Afribank is that they have no hidden charges





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