Browsing: Patrick Akinwuntan

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Akinwuntan who spoke on Arise TV on the launch of the payment settlement system regulatory framework, emphasized that the new payment method will serve as a backbone through which all the countries in Africa are able to actualize transactions done within the free trade area, adding that it will also create employment, wealth, and deliver values to exporters on the continent.

The MEA Awards, according to the Managing Director, Nirav Patel, exists to recognise and celebrate the world’s outstanding Financial Services Organisations that are pioneering unrivalled standards and capabilities in their respective fields across the Middle East and Africa.

More so, we are a huge player in AfCFTA to assist in making Nigerian entrepreneurs become Pan African multinationals. As Nigerians, we must tell our story; Nigeria is the largest economy in Africa and as at today,  Africa provides the best investment opportunities globally, we should turn our concerns to opportunities. As the country increases its exports, it will improve foreign exchange earnings, widen employment base, further support industries and a more stable Gross Domestic Product (GDP)” he advised.

The Pan African Centre with scintillating  ambience to  enhance productivity and service delivery, houses smart offices, a restaurant, multipurpose conference hall, gym, creche, parking lot that can accommodate 130 vehicles at a time, experience and game centre and a rooftop terrace, among others.

According to him, “It is not just about digitization but understanding that life itself has deeper substance. What we have learnt in the past 18 months calls for common agenda for human race, an opportunity for collaboration to search for sustainable solutions to the myriad challenges facing the continent. This also reinforces the fact that until we are comfortable, no part of the globe is comfortable. This provides a completely new direction between developed worlds, developing worlds and whatever categorization that you want to bring to the table. With people having to stay at home because of the pandemic, we quickly saw that being disconnected from the economy fabric is much more dangerous than the health risk that we are trying to avoid from the social distancing and stay at home”.

Managing Director, Ecobank Nigeria, Patrick Akinwuntan, gave the commendation, stressing that the fundamentals and potential of the nation’s economy are strong with the capacity to meet its debt obligations.

The Ecobank Nigeria Managing Director noted that though Nigeria has made moderate progress in terms of infrastructure development regarding improved access to finance, strong telecom penetration and moderating power production, there is limited productivity in the transport sector when compared to other sectors and regions. He lamented that private sector involvement in infrastructure development is constrained by selection of low-impact projects; weak feasibility study and business plan; delays in obtaining licenses, approvals and permits, and inability to secure guarantees.

Akinwuntan who was speaking on the topic “Optimizing sustainable trade, investment and regional economic integration through effective partnerships between ECOWAS institutions and regional institutions and the organized private sector” at a webinar organised by the Lagos Chamber of Commerce and Industry (LCCI) to commemorate the 46th anniversary of ECOWAS on Monday, stated that the bank’s state-of-the-art digital payment and collection platform is promoting trade and commerce across the African continent.

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ellevate product introduced to the nation’s financial landscape on Wednesday, is targeted at empowering at least 40 million women owned or women-managed businesses in the country. This he reiterated is part of Ecobank’s Group  objective as the leading pan-African financial institution to drive financial integration and contribute to the economic development of the continent by deepening engagement with women-owned businesses.

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This, according to a statement signed by the Managing Director, Patrick Akinwuntan, is targeted at recognizing and rewarding employees for their efforts and commitment, stressing that it was also in alignment with the unrelenting desire of the bank to grow its people.

Led by the seasoned Pan-African financial services expert Patrick Akinwuntan, Ecobank Nigeria has been bolstering its digital capabilities and human capital with the goal of delivering optimum value for clients and shareholders across several value chains. It is in this line that  Babajide Sipe was recently appointed to Head the Marketing and Corporate Communications department for Ecobank Nigeria. An experienced Marketing & Brand Manager, Sipe’s multi-faceted career, which cuts across several fields, industries and regions within the country and abroad will come to play in leading and enriching the Bank’s Marketing and Communications efforts with in-depth expertise, top-notch creativity and an extensive breadth of value-adding networks.

Speaking at the maiden edition of the Diaspora Quarterly Lecture Series with Ecobank as the sole banking partner which took place on Saturday, 8th May, 2021, he noted that Ecobank remains a critical bridge for Nigerians abroad, as it has made huge investments in the necessary platforms to enable them connect with home seamlessly.  The event held online and had over 2000 participants from across all the continents in attendance.