Gombe explores areas of partnership with Taj Bank to boost financial Inclusion, unlock opportunities
•As non-interest financial institution sets to open branch in Gombe
Gombe State Governor, Muhammadu Inuwa Yahaya has said that the state is ready to take advantage of the innovative products and services offered by the newly established Taj Bank for the benefit of the people of the state especially in the area of agriculture as well as small and medium scale businesses.
The Governor stated this when he visited the corporate headquarters of the bank which is a non-interest financial institution recently licenced by the Central Bank of Nigeria (CBN) in Abuja as contained in a statement by Ismaila Uba Misilli, Senior Special Assistant on Media and Publicity to the Governor.
During the visit, Inuwa Yahaya was briefed by the Chairman of the bank, Alhaji Tanko Ishiyaku Gwamna and the Managing Director, Mr Norfadelizan Abdulrahman on the activities, operations and products of the bank.
The Governor noted that the products and services of the bank are favourable to smallholder businessmen and women, especially those in the rural communities who may not have the capacity to access loan facilities from conventional banks.
He said that the Gombe State will leverage several packages introduced by the bank to boost financial inclusion and empower the people economically.
The Governor further noted that there are a lot of opportunities to unlock through the bank, especially with various Central Bank of Nigeria’s agricultural facilities and intervention funds which will benefit the people of the State.
The Governor said in spite of the misconceptions concerning non-interest banking, statistics have shown that people of all faiths access its services.
He said that “Am sure all of you know very well that Gombe is the centre of commerce in the North East because we share boundaries with all the states of the region; so our centrality makes it convenient for all the neighbouring states to have commercial relationships and activities with Gombe. This will definitely help a lot in making you reach out to large chunk of the people.”
Inuwa Yahaya, however, expressed optimism that with the current COVID-19 pandemic, CBN has a wide window to accommodate all the products of the bank especially as it affects anchor borrower and financial support to small and medium scale enterprises.
He then congratulated the bank for its achievements so far and assured the financial institution of the support of the government and people of Gombe State.
Earlier, the Chairman of the bank, Alhaji Tanko Ishiaku Gwamna said Taj Bank was established about a year ago after obtaining its license from the central bank of Nigeria to explore the non- interest financial sector which he said comes with a lot of opportunities.
He said due to its ease of doing business, developed countries are now taking advantage of non-interest financial instrument to expand the frontiers of their businesses.
While thanking Governor Inuwa Yahaya for being the first state chief executive to visit, Alhaji Gwamna assured the government and people of Gombe State that the Bank will partner with the state to boost its financial inclusion and the economy in general.
He assured that “Very soon we are going to open our branch in Gombe, which will serve as a regional hub because of its strategic location and business opportunities as well as the disposition of Your Excellency and the foundation you laid for business to thrive.”
The Managing Director of the bank, Mr Norfadelizan in his remarks said Gombe state will soon feel the presence of the non-interest financial institution through its services and technology which will eventually ink the state to other parts of the world and help unlock a lot of opportunities, including leveraging on the Nigeria- Malaysia business relationship.
The Executive Director of the bank, Ahmed A. Joda said that the presence of the new financial institution in Gombe will help expand the economic frontiers of the state, especially in the area of Agriculture.
He said, ” We are looking at the CBN intervention funds, including the anchor borrower, commercial agricultural credit scheme and so many other agric related funds which we want to unlock for the people of Gombe state and which we believe the agric entrepreneurs in the state will benefit immensely from.”
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Nigeria Records 603 New COVID-19 Cases, Total Now 28,167
The Nigeria Centre for Disease Control (NCDC) has confirmed 603 new cases of COVID-19 in the country, bringing the total number of confirmed cases to 28,167… Read Full Story
COVID-19: Why govs, others are more at risk —Medical experts
MEDICAL experts have spoken on factors that are capable of putting governors and other key political leaders on the first line of the coronavirus pandemic in more danger. They, however, dispelled as untrue the notion that the incidence of COVID-19 is higher among political office holders or health workers as many people assume… Read Full Story
UN Suspends Air Services As Terrorists Attack Chopper In Borno
The United Nations (UN) on Saturday announced a suspension of humanitarian air services in the northeast following the latest attack on one of its helicopters in Borno… Read Full Story
Buhari Appoints Pam As Christian Pilgrims Commission Executive Secretary
President Muhammadu Buhari has approved the appointment of Rev Yakubu Pam as the Executive Secretary of Nigerian Christian Pilgrims Commission (NCPC)… Read Full Story
Appeal Court Upholds Yahaya Bello’s Election As Kogi Governor
The Court of Appeal, Abuja Division on Saturday affirmed the election of Yahaya Bello as the duly elected governor of Kogi State… Read Full Story
MFM To Begin Another 30 Days Prayer Retreat
The General Overseer of Mountain of Fire and Miracles Ministries (MFM), Dr Daniel Olukoya, has directed that members to extend the ongoing 30 Days Prayer Retreat which marks third session… Read Full Story
109,823 N-Power Beneficiaries Now Business Owners ― Minister
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, says no fewer than 109,823 beneficiaries of the N-Power Programme are now business owners… Read Full Story
Who Flies APC Flag In Ondo?
EXCEPT the leadership of the All Progressives Congress (APC) handles the primary election or selection of its candidate for the Ondo State governorship election carefully, the party in the state may be heading towards another round of crisis similar to the one that engulfed it in Edo State recently which may cause it to… Read Full Story
No Difference Between PDP, APC —Olateru-Olagbegi
Martins Kunle Olateru-Olagbegi is an aspirant of the Action Democratic Party (ADP) in the forthcoming governorship election in Ondo State. He speaks with HAKEEM GBADAMOSI on the preparedness of the party… Read Full Story
VOICE OF COURAGE: E No Finish?
The controlling leadership of ACN got a casual job in 2015 and took it like a mega contract. They did more than a month’s job for a day’s pay. They pawned everything in exchange for nothing. All core values were thrown away. The ancient landmarks of the fathers were set aside. Many of the icons in the land were… Read Full Story
GIBBERS: Buhari Isn’t Judiciary’s Messiah (1)
In the last 12 years, salaries of Nigerian judges have not been reviewed. In a review of the development of inflation rates in Nigeria between 1979 and 2019, by Worlddata,the average inflation rate was calculated at 19.2 per cent. Now, hold your breath. The report added “overall, the price increase was 80,304.39 per cent… Read Full Story
Threatened Cooperation! Cooperative Societies In The Cloud Of COVID-19
ALL over the world, especially in Third World economies, one of the platforms through which peoples’ common business dreams and financial needs are crytalised is the cooperative society. A cooperative society is simply a voluntary association of individuals who have come together to pursue their economic goals… Read Full Story
COVID-19: The Church And The New Order
The Church is just one of the institutions that have been caught in the heat of the coronavirus pandemic following the ban on public gatherings for about three months as a way of controlling the spread of the virus by the federal and state governments… Read Full Story
40 Years After, Ayinla Omowura Remembered With Album
As part of the activities to mark the 40th year anniversary of the exit of Apala icon, Waheed Ayinla popular as Ayinla Omowura, an album entitled ‘Anigilaje has been released in his honour… Read Full Story