Governor Ahmed Commissions First Cooperative MFB in Ilorin

Date: 2017-07-11

Governor Abdulfatah Ahmed of Kwara State has commissioned the first cooperative financial institution, KWACOFOCUS Micro Finance Bank (MFB) in Ilorin to provide more access to credit for farmers and small business owners in the state.

Ahmed, while speaking at the occasion, said his government had ensured inclusive financial system to grow and expand businesses in the state.

He said the financial assistance was providing existing businesses with access to capital at single digit interest rate.

He pointed out that in spite of relevance of funding to business, his government holds the agricultural sector in high esteem owing to the potential of the sector to create employment and generate revenue through investment opportunities in the agricultural value chain.

The governor urged members of the public, especially the youth to take advantage of the services of the bank and access funding to grow their businesses.

In her address, chairman, Board of Directors of the bank, Hajia Zururat Romoke Zubair, said the financial institution was set up to complement the effort of the government in the areas of agric development and sustainable empowerment for rural farmers, financial inclusion for rural women and youths, support for the growth and development of small scale businesses and easy accessibility to finance.

She said 80 per cent of the bank's credit had been earmarked for agricultural cooperative societies and urged farmers and small scale business owners to partner with it.

Source

Click to add/read Comments


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Obuh     Tunde Yusuf     Code Of Conduct Bureau     IF-K     Bankole Omisore     Joseph Yemi Ajayi     Saka Abimbola Isau     Oyelere Oyinloye     Ojo Fadumila     NTA Ilorin     Lawyers Unite Against Corruption     Binta Abubakar-Mora     Yunus Oniboki     Funmi Salau     Onilorin     Geri-Alimi Split Diamond Interchange     Idofin     Hausa     Ike Ekweremadu     Obasanjo     Cornelius Adebayo     Christopher Odetunde     Sobi Specialist Hospital     Shuaib Abdulkadir     Oko-Erin     Shaaba Lafiagi     Tope Daramola     Offa Descendants Union     Oju Ekun Sarumi     Babata     Nurudeen Muhammed     Rotimi Atere     Yeketi     Police Commissioner     Halimat Yusuf     JAMB     Ilorin.Info     Ramadhan     Lafiagi     Amuda Bembe     Isapa     Durosinlohun Atiku     Abdulrazaq Akorede     Adijat Adebiyi     Dairo Kunle Paul     Photo News     2017 Budget     Matthew Babaoye     Osi     Bukola Ajikobi     Share/Tsaragi     Muhammed Abdullahi     Patigi Regatta     Olushola Saraki     Isiaka Gold     Press Release     Wale Oladepo     Owode Market     Kehinde Baale     Mohammed Yisa     Babatunde Ajeigbe     Buari Edun     Rex Olawoye     Kwara Politics     Zaratu Umar     Offa     Minister     Yunus Lawal     AbdulHamid Adi     Mogaji Aare     Ahmed Idris Mohammed     Split Diamond Interchange     Abiodun Abdulkareem     Fulani     Agbarigidoma     A.E. Afolabi     Amuda Aluko