FCMB Taps Cultural Economy to Drive Inclusion at 2026 Ibadan Festival
Business FCMB Taps Cultural Economy to Drive Inclusion at 2026 Ibadan Festival Published on April 14, 2026 By Daily Post Staff From left: Chairman, Planning Committee of Ibadan Cultural Festival 2026, Mogaji Gbolagade Akere; President-General, Central Council of Ibadan Indigenes, Barrister Ajeniyi Ajewole; Zonal Head, South-west 1, First City Monument Bank (FCMB), Mr. Kabir Salawu and Vice Chairman of the Planning Committee, Mrs. Toyin Oyebola, at a press conference to announce the activities of Ibadan Cultural Festival. First City Monument Bank (FCMB) is positioning culture as an economic engine, leveraging platforms such as the Ibadan Cultural Festival to support small businesses, deepen inclusion, and connect local enterprises to broader markets. As a lead partner in the festival organised by the Central Council of Ibadan Indigenes (CCII), the Bank said cultural gatherings are fast becoming viable commercial ecosystems, bringing together thousands of vendors, creatives, and service providers to drive real economic activity. Speaking at a press conference in Ibadan, FCMB’s Divisional Head of Corporate Affairs, Diran Olojo, said the Bank’s approach is to enable participation, support business growth, and capture transaction flows within these ecosystems. “We see culture as a functioning marketplace. Events like this concentrate demand, talent, and enterprise in one place. Our role is to help businesses plug into that, through access to finance, visibility, and the systems that support transactions and growth,” he said. He noted that the festival stimulates activity across hospitality, retail, transport, and the creative sector, while also attracting diaspora engagement that strengthens remittance flows and local investment. The Ibadan Cultural Festival, also known as Okebadan, attracts residents, indigenes, and visitors, driving a surge in commercial activity across the city. President-General of the CCII, Barrister Ajeniyi Ajewole, said the festival has become both a cultural and economic platform. “It drives tourism, supports local businesses, and creates an opportunity for Ibadan indigenes in the diaspora to return, reconnect, and contribute to the city’s growth,” he said. He added that FCMB’s involvement reflects growing private sector interest in culture-led development. Chairman of the Planning Committee, Mogaji Gbolagade Akere, said the 2026 edition is structured to strengthen Ibadan’s profile as a tourism and investment destination, with activities that combine cultural expression and economic engagement. FCMB said its involvement reflects a broader strategy to build ecosystems that connect informal and small-scale businesses to finance, markets, and opportunities for scale. Don't Miss Nigerian stock market gains N443bn to begin week on positive note You may like Juicyway Receives FCA Authorisation, Opens UK-Africa Payments Corridor OPay named Nigeria’s most trusted Digital Financial Company at 2026 ISO Awards UNIZIK appoints Stanley Uzochukwu as Chairman of Advancement Management Board Enjoy Football Predictions Smartly: Best Odds, Correct Selections, Responsible Gaming on PunterClash. Three Crowns launches 2026 Mum of the Year campaign rewarding mothers with a trip to Zanzibar Mikano International Limited refutes false allegations against Chairman