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Why We Finance Radisson Blu Hotel- FCMB Boss, Nuru Speaks

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Why We Finance Radisson Blu Hotel- FCMB Boss, Nuru Speaks


First City Monument Bank (FCMB) has said it decided to finance the construction of Radisson Blu Hotel located at Ikeja GRA was in line with it’s commitment to support initiatives that would promote Nigeria’s hospitality industry.

This was disclosed by the Managing Directo and CEO of the bank, Mr Adam Nuru at the official opening of the new 155-room 5-Star hotel on January 17th, 2018. He said the bank was determined to add value to the hospitality industry thereby boosting tourism.

He said, “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.”

Mr Nuru also added that the bank’s financing of the new hotel was due to the importance and benefits of hotel (accommodation) which attracts business, tourism, employment, revenue generation, among others. He also said the bank will continue to intervene and offer excellent support as well as solutions in developmental areas that would fast-tract the growth of the aspirations of individuals, businesses and the entire country.

The Radisson Blu Hotel Victorial Island and Ikeja is owned by Avalon Intercontinental Nigeria, a company under the management of Carlson Rezidor Hotel Group, owners of the Radisson Blu brand, one of the largest hotel and hospitality companies in the world with about 1,440 hotels in 115 countries.

In his remarks, Senior Vice President, Africa and Indian Ocean of Carlson Rezidor Hotel Group, Mr Andrew McLachlan disclosed that the Group were delighted about the expansion of their presence in Nigeria, one of Africa’s economic powerhouses.

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,” Mr McLachlan said.

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