Blaze the trail in growth, Governor Ahmed charges KCMB ilorin.info/fullnews.php?id=11695 Governor Abdulfatah Ahmed of Kwara state has advised the state Micro-Finance Bank to blaze the trail of growth and development by adopting inclusive banking system. The governor who gave the advice while receiving the Board members of the KCMB Micro-Finance Bank at the Government House for the presentation of the dividends accrued to the state government to the governor, stressed the need for the banks management to be up and doing in sustaining the bank. He also tasked the bank to explore other areas by adopting advocacy and participatory banking system with a view to creating enabling environment for good governance. You have to work hard according to the governor, so as to retrieve money hanging out in the public pockets, and use it for economic development. You need to change their concept about banking particularly rural dwellers. His words:You must let them see reasons why they should not keep their money at home again, they should keep their money in bank so as to contribute positively to economic development. The governor who stressed that the bank had come to stay, expressed optimism that the bank had the capacity of exploring commercial opportunity in the state in order to support good governance. He also advised them to form synergy with other commercial banks in order to promote healthy competition and enhance customers patronage. The Board Chairman, Engr Demola Banu who led other members had earlier in his remark, praised the government for its support at all time, explaining that the bank was proposing to pay dividend to its customers which he said would represent 100 per cent increase over the previous year. Banu who is also the state commissioner for Finance, disclosed that the bank had disbursed about N3 billion since its inception with over 95 per cent of the amount still performing and promised that the bank would increase its share capital to a minimum of N100 million to enable it meet its strategic vision of establishing branches in other towns of the state. - See more at: ilorin.info/fullnews.php?id=11695
Posted on: Sat, 27 Sep 2014 05:00:00 +0000
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