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“From January to August 2024, FCMB disbursed over N40bn in digital retail loans, with FastCash significantly helping thousands of Nigerians overcome short-term financial hurdles,” he mentioned.

He added that the bank’s FastCash loan product had been pivotal in providing quick access to funds for school fees and supplies, enabling families to prioritise their children’s education without financial stress.

Lamidi stated that fastCash allowed parents and guardians to borrow up to N200,000 within minutes to cover tuition fees, textbooks, uniforms, and other school-related needs.

According to him, the loan, accessible via the FCMB New Mobile app, can be processed in under five minutes.

Lamidi said, “We understand the financial pressure families face, especially at the start of a new school term. FastCash is designed to provide immediate relief by offering fast and hassle-free access to funds. Our goal is to ensure that every Nigerian can meet their educational commitments without delay or financial worry.

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