Blaze the trail in growth, Governor Ahmed charges KCMB

Date: 2014-09-26

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 bank's 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.

Source

 

Cloud Tag: What's trending

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

Usman Rifun     Abdulfatai Ahmed     S.O. Opowoye     Orire     Yoonus Kola Olatinwo     Abdulganiyu AbdulAzeez     Gamji Members Association     Mohammed Haruna     Olatinwo     Innocent Okoye     Neo Mundo Ltd     Shururat Olatinwo     Surajudeen Akanbi     Olateju Lukman     Yusuf Lanre Badmus     Senate President     Centre For Peace And Strategic Studies     Valsolar     Ayekale     Ridhwanullah Al-Ilory     Abdulrazak Shehu Akorede     Gbenga Adebayo     Y.A. Abdulkareem     Gbenga Olawepo     Abubakar Kawu Baraje     IsDB     Raliat AbdulRazaq     Kwara United     TIC     Ayotunde Emmanuel Alao     Jimoh Bashir     Umaru Saro     Joseph Offorjama     Mutawalle     Moses Adekanye     Share/Tsaragi     Arandun     Rice Farmers Association Of Nigeria     Maimunat Oniyangi     Village Alive Development Association     Baboko     Olatunji Ayeni     Logun     Nurudeen Muhammed     Gbugbu     Chief Imam Of Omu-Aran     Sarah Alade     Student Learning Support Helpline     Ilorin Emirate Stakeholders Forum     Ilofa     Khairat Gwadabe     Saka Balikis Kehinde     National Union Of Road Transport Workers     Isau     SAPZ Project     March 18     College Of Arabic And Islamic Legal Studies     JMK Construction Company Limited     John Olobayo     Lai Gobir     Bilikisu Oniyangi     Muhammad-Mustapha Suleiman     Joana Nnazua Kolo     Women Radio     Salihu Ajibola Ajia     Ndakene     Sola Saraki Educational Foundation     GANZY     Yusuf AbdulRasheed     Gaa Olobi     School Of Nursing     Kolawole Bashirat     Abubakar Suleiman     Adebara     Ben Duntoye     HICA     College Of Education    

Cloud Tag: What's trending

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

Mohammed Katsina Ahmed     SSA Youth Engagement     Abdullahi Adisa Akodudu     ITEM 7     NULGE     Belgore     ER-KANG     Abdulsalam Firdaous Amosa     Umaru Saro     Gobir     Kwara Liberation Group     Split Diamond Interchange     Air Peace     Arik     Kwara State Health Insurance Agency     Sam Onile     Elelu     Najim Yaasin     National Pilot     All Peoples Party     Nigerian Supreme Council For Islamic Affairs     Idris Amosa Oladipo Saidu     School Of Nursing     Laduba     Garba Ayodele Wahab     Hassan Saliu     Ladi Hassan     Ilesha Gwanara Road     Adekunle David Dunmade     Kwasu     Joseph Alex Offorjama     Igbaja     Village Alive Development Association     Alore     Earlyon Technologies     Abdulrosheed Okiki     AbdulQowiy Olododo     College Of Arabic And Islamic Legal Studies     Oba-Solagberu     Amusa Bello     Balogin Alanamu     3MTT     Sanusi Abubakar     Saidu Isa     Ojuekun Sarumi     Oke-Kura     Rachael Obisesan     Alfa Belgore     Kwara Basketball Association     ANCOPPS     Sardauna     Agor     Sunset Workers     Jaiz Bank     Centre For Peace And Strategic Studies     Jimoh Akani     Abdullahi Atanda     IQRA College     Oyedepo     Sa\'ad Alanamu     Muritala Olarewaju     Abdulrasheed Akogun     Shettima Of Ilorin     Kayode Oyin Zubair     Unilorin     Kabir Shagaya     Nigeria Association Of Women Journalists     Otuka     Vasolar Consultoria     Joseph Offorjama     Kwara State Branch Of The National Library     Labaeka     David Oyepinola Adedumoye     Yahaya Dumoye     Hajj     AbdulFatai Adeniyi Dan-Kazeem     Ilorin.Info