By Harriet Tornguvan
The Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, has called for deeper collaboration between the Nigerian Army and the financial sector, describing strategic partnerships as critical to sustaining national security and economic stability.
The Army Chief made the call while receiving the Group Managing Director and Chief Executive Officer of FirstBank Group, Olusegun Alebiosu, during a courtesy visit to Army Headquarters in Abuja.
In a statement issued by the Acting Director, Army Public Relations, Colonel Appolonia Anele, Lieutenant General Shaibu emphasized that a secure environment is indispensable for financial institutions and other economic actors to thrive. He noted that cooperation between national defenders and key economic drivers remains essential in strengthening the country’s overall stability.
According to the COAS, the Nigerian Army remains fully committed to providing the security framework required for businesses and economic activities to operate seamlessly across the country.
He explained that beyond its core combat mandate, the Army is increasingly focused on building partnerships that enhance personnel welfare and improve administrative efficiency.
Reflecting on his longstanding association with FirstBank, the Army Chief stressed that alliances with reputable financial institutions offer the fiscal backing and innovative financial solutions necessary to meet the complex logistical demands of a modern military force.
He added that dependable banking systems are vital in supporting decentralized operations and ensuring that personnel across various formations are adequately catered for.
Lieutenant General Shaibu also underscored the importance of institutional stability, urging Army personnel to patronize established financial institutions to safeguard their savings and welfare.
He expressed readiness to explore mutually beneficial areas of collaboration that would strengthen logistical and administrative processes while boosting troop morale and operational effectiveness.
In his remarks, Alebiosu commended the Nigerian Army for its unwavering commitment to safeguarding Nigeria’s sovereignty and territorial integrity. He described the engagement as a privilege and reaffirmed FirstBank’s commitment to supporting the operational efficiency of the Army.
The FirstBank CEO particularly highlighted plans to expand financial access for pensioners and personnel deployed in remote operational areas, noting that inclusive and reliable banking services are crucial in supporting those who serve the nation.
The meeting underscored the growing recognition of the interdependence between security institutions and the financial sector in fostering national resilience and sustainable development.
