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Workers’ Day: Ecobank Nigeria To Host Virtual Seminar On Economic Survival Amidst Rising Inflation

Ecobank Nigeria Limited has concluded plans to host a digital conference as part of its commemoration of this year’s Workers’ Day.

In a statement, Head, Consumer Banking, Korede Demola-Adeniyi, said the webinar titled “Inflation and Your Money – Our role As Your Bank” scheduled for Thursday, April 29th, is designed to educate members of the public on how to manage limited resources at their disposal, adding that it would also provide tips on savings, borrowing, investments and how Ecobank can be useful to the participants and general public in the midst of the rising inflation.

According to Demola-Adeniyi, though Nigeria recorded early exit from  the recession in the fourth quarter of last year, the effects of the COVID-19 pandemic have continued to impact negatively on the revenues of many corporate entities, businesses and income of individuals; noting that this development has been further compounded by inflation.

In her words, “Inflation rate has continued its upward trend to settle at about 18.1% in March with prices of goods rising significantly in the last six months. This, in turn has significantly reduced the disposable income and cash available to consumers.” Consequently, as a bank set up to contribute to economic development, we thought it important to facilitate a discussion during this period of Worker’s Day, that will provide some guidance to our customers and the general public on how they can manage their cash and resources through rising inflation.”

Demola-Adeniyi disclosed that the webinar, to be hosted on the Microsoft Teams’ platform, will attract important stakeholders who will discuss the realities of the economy of the country and also proffer solutions on how to stay afloat financially. Speakers would include; Jimi Ogbobine, FCA – Head, Agusto Consulting Ltd; Fela Popoola, Managing Director, EDC Nigeria Limited and Daberechi Effiong, Head, Consumer Products, Ecobank Nigeria, among others.

MD/CEO, Ecobank, Patrick Akinwuntan

She implored members of the public to join the webinar, noting that “The webinar is bound to provide financial education and planning tips to our customers and every other participant who will be informed about relevant investment opportunities to create wealth and most importantly, how the bank can be useful to them at this time. It is important to make an informed decision regarding how to manage your money”.

The statement advised interested participants to register for the webinar at

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