Fidelity Bank Plans To Increase Its Exposure To The Power Industry

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The Chief Executive Officer, Fidelity Bank Plc, Mr. Reginald Ihejiahi, has said that the bank is committed to financing more Independent Power Plant projects across the country.

He said the decision was informed by the fact that millions of lives were usually touched by the success of any power project. Ihejiahi spoke at the opening of Alausa IPP in Lagos on Thursday. He said,

“It is not an easy thing to release capital to work with the government. However, we are happy to finance the Alausa IPP project. This is not the first time we are financing a power project. We work with Oando; we participated in the Akute power project. Power project is one thing that affects several lives. And we are happy to always work with Oando on this. We are ready to finance more of these projects for this reason.”

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Source: Punch