Diamond bank has been appointed a forum member adviser of the World Economic Forum (WEF). The appointment marks the first time a Nigerian company will be appointed.
Diamond bank is the second African company to become a WEF forum adviser. Membership of the forum is on an invitation only basis.
Commenting on the appointment and his attendance at the World Economic Forum’s Annual Meeting, Diamond Bank’s CEO Uzoma Dozie said:
“I am delighted that Diamond Bank was invited to join as a Forum Member Adviser of the World Economic Forum, as it is testament to our status as one of Nigeria’s leading innovators. I am also thrilled to be attending this year’s Annual Meeting in Davos, where I will be presenting my views on the three key areas of financial inclusion, Nigeria’s positive outlook and the future of banking.
In particular, I will be sharing Diamond Bank’s experience in the financial inclusion space where our Beta Proposition and Diamond Yello Account have made significant inroads in bringing previously under banked people into the financial system. It will also be an opportunity to highlight the transformative role of technology and data in enhancing financial inclusion in a country of 180 million people where nearly half do not have a bank account.
I will also be passionately championing the success of increasing numbers of technology-enabled entrepreneurs and the culture of innovation that is taking hold in Nigeria, particularly Lagos. This innovation is leading to a new wave of business leaders that are shaping the Nigeria of tomorrow, as well as helping fuel economic growth today.
Despite historic challenges, I will also use the World Economic Forum Annual Meeting as a platform to promote Nigeria’s excellent fundamentals and its recent progress.”
Diamond is the only Nigerian bank selected to partner with UK’s Department for International Development on their financial inclusion programme. Diamond also has a partnership with Women’s World Banking – backed by the Bill & Melinda Gates Foundation – with Mr Dozie on its board.
The Diamond Y’ello Account has over 8.6 million users, making it a market leader in the Nigerian financial inclusion space.
Founded in 1971, the mission of the World Economic Forum (WEF) is to improve the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.