Buy Nigerian Goods To Boost Economic Growth - Bank Head

Do you prioritise Nigerian goods when you go shopping?  According to this banking big man, buying Nigerian is is your patriotic duty!

The managing director and chief executive officer of Heritage Bank, Ifie Sekibo has advised Nigerians to always patronise locally made goods and services in order to stimulate economic growth and preserve the current foreign exchange rate.

Sekibo made his feelings known during while his bank was presented with the 2015 Gold Sponsorship award by the Finance Correspondents Association of Nigeria (FICAN) at the bank’s head office in Lagos.

He stressed the importance of driving the conversation about Nigerians changing their lives for the better forward into the public domain.

“We can’t grow an economy where all we want to spend on are dollar-denominated and foreign goods.

 

Banking chief Ifie Sekibo

“Nigerians, they want to be doing all their spending on dollars, forgetting that the dollar is not our local currency,” Sekibo said.

“Everything they do with dollar gives employment to somebody in another country and not in Nigeria. So, we must continue to have that conversation and it must be robust.”

The banker also said that it is crucially important to educate the Nigerian public about different currencies and related financial issues by using various kinds of information formats.

“You have members in print, electronic and online, if with 100 people on your platform alone, you can drive this change.”

Commenting on the award granted by FICAN, he said: “We are still very young in our development as an organisation.

“We didn’t step out to support FICAN with the intention of getting this award. People send all kinds of letters to us saying we have been awarded this and that but we have been turning them down.”