FCMB: Why we finance Radisson Blue Hotel

The Managing Director of First City Monument Bank (FCMB), Mr. Adam Nuru has said the decision of the Bank to finance the construction of the new 155-room Radisson Blu Hotel located at Ikeja GRA Lagos,was in line with its commitment to support initiatives that would promote and add value to Nigeria’s hospitality industry, thereby boosting tourism.

The new five-star hotel, which is the third in Nigeria and second in Lagos, was officially opened on January 17, 2018 .

According to him, ‘’we are determined to lead the way in driving efforts to expand the Nigerian economy and make the revenue base much more robust. The hospitality and tourism industries are integral parts of this diversification strategy’’.

The hotel, owned by Avalon Intercontinental Nigeria, is under the management of Carlson Rezidor Hotel Group, owners of the Radisson Blu brand and one of the largest hotel and hospitality companies in the world with 1,440 hotels spread countries.

Mr. Nuru added that the bank’s financing of the new Radisson Blu Hotel was also informed by the importance and benefits of the Hotel in the areas of attracting business and tourism, employment, revenue generation, relaxation and ambience in Lagos and Nigeria in general. He assured that, ‘’we will continue to intervene and offer excellent support as well as solutions in developmental areas that would fast-track the growth of the aspirations in operation across 115 of individuals, businesses and the entire country’’.

In his address, the Senior Vice President, Africa and Indian Ocean, Carlson Rezidor Hotel Group, Mr. Andrew McLachlan, said, “we are thrilled to be expanding our presence in Nigeria, one of Africa’s economic powerhouses, with the opening of Radisson Blu Hotel Lagos, Ikeja. We have identified Nigeria as a key country for scaled growth and the addition of our second Radisson Blu in Africa’s largest city, Lagos, perfectly complements our development strategy’’.