Fidelity Bank Plc has reaffirmed its commitment to supporting Nigeria’s oil and gas industry, particularly indigenous operators.
The bank’s Managing Director and Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, made this known during a first oil presentation event for Emadeb Energy at Fidelity Place in Lagos.
Dr. Onyeali-Ikpe highlighted the bank’s dedication to strengthening Nigeria’s energy sector through financing and support for indigenous companies.
She cited examples of the bank’s interventions, including financing Nigeria’s first privately built and operated onshore crude export terminal in over 50 years and part-financing the production of a liquefied petroleum gas carrier.
Emadeb Energy’s Group Managing Director and Chief Executive Officer, Adebowale Olujimi, praised Fidelity Bank’s willingness to take calculated risks and support local companies.
The company recently achieved first oil from the Ibom Field and plans to increase production to 12,000 barrels per day by the end of 2026 and 30,000 barrels per day thereafter.
The event showcased Fidelity Bank’s commitment to promoting sustainable growth and energy security in Nigeria through its support for indigenous oil and gas operators.
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