First City Monument Bank (FCMB), as part of its youth empowerment programme aimed at supporting youths with entrepreneurial skills and business ideas to develop them has pledged to invest N1 billion in the youths in Abia State.

According to the Executive Director, Business Development, FCMB, Mrs. Bukola Smith… “SME department of FCMB decided that we are going to partner with the states and Abia State being the first state that decided to pick up this plan and run the scheme, we decided to partner with them to ensure that the youths take part in line with the desires of the government”

“To quantify the level of involvement of FCMB in the project, in terms of financial support, the financial involvement would be upward to N1 billion, where beneficiaries would receive loans from N3 million to N10 million.”

“Besides the financial support, FCMB will also bring in a team to support the training of the youths as well as advice, which is a lot more important than the financial component of the support.”