The founder of Lift Above Poverty Alleviation (LAPO) Microfinance Bank, Dr. Godwin Ehigiamusoe, has stated that microfinance is a strong strategy for meaningful development and poverty alleviation in any country.
Dr. Godwin made this statement during his investiture as a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN) recently in Lagos.
He explained that there is a need to empower a large number of people at the bottom for development to be feasible.
Ehigiamouse further explained that this empowerment will enhance their income-earning capacity and consequently address the issue of poverty.
“Microfinance is a strong strategy for meaningful development and, of course, poverty alleviation in any country.
“What it means is that if you want to develop any society, you must empower a large number of people at the bottom. I think for a long time, we might not have done that.
“If we must move forward and meaningfully address the issue of poverty, we must empower those people and enhance their income-earning capacity.”
Speaking about his investment as a CIBN Fellow, the founder described it as motivation for him to do more.
He added that the award is a recognition of accomplishment, giving assurances of delivering services to people at the bottom end who handle micro and small businesses.
Ehigiamusoe added that the organisation would continue to serve the people regardless of their status.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Nigeria’s current situation lamentable — Anyaoku
Chief Emeka Anyaoku, a former Secretary-General of the Commonwealth has described the current situation in…
Bukola Saraki foundation covers Mr Ibu’s medical bills
The Abubakar Bukola Saraki Foundation has fully covered the medical expenses of the…
Hold my pastor responsible if anything happens to me — Chef Dammy
Ekiti-based Nigerian chef, Damilola Adeparusi, popularly known as Chef Dammy, has stated that her…
Why Tiwa Savage may not sing for more than a year
In a move reminiscent of Afrobeat sensation Tekno, renowned Nigerian singer Tiwa Savage is facing the prospect of…
How Gomba won 2023 Nigeria Prize for Literature
THE 2023 edition of The Nigeria Prize for Literature climaxed last Friday at Eko Hotel, Victoria Island, Lagos, with…
Kidney failure, also known as end-stage renal disease (ESRD), can have various causes, but the two main types are...
and then