Kwara Governor Takes Step To Improve State Finance, Youth Empowerment

The Kwara State Governor Abdulfatah Ahmed has expressed his readiness to promote skill acquisition and youth empowerment through issuing of loans to Kwarans for them to be self-reliant and employers of labour. 

Governor Ahmed made the disclosure while receiving the state dividends cheque as shareholder from the management of the KCMB micro-finance bank, Ilorin at government house, Ilorin.

He said the government deliberately took the decision to invest in KCMB micro-finance bank as a demonstration of its determination to improve on its finance and revenue base in order to meet the needs of the people.

He assured the management of the KCMB that the government would continue to support and partner with the bank in kind and cash to enable it give out loans that will promote youth empowerment and skill acquisition in the state.

He thanked the management of the bank for working up to the expectation of the government and urged them to sustain the tempo so as to achieve the purpose for which the bank was established.

The Chairman Board of Directors of the Bank and Commissioner of Finance,  Demola Banu had earlier at the end of the  annual general  meeting of the bank with shareholders announced that  the financial statement of the bank currently stood at twenty four million naira while the bank had distributed over one billion naira as loans to eleven thousand customers

Banu explained that since the establishment of the bank, the distribution of dividends to stakeholders was the first to be held by the bank and gave assurance that the bank would continue to partner with the state government especially on youth empowerment and skill acquisition schemes.

Some of the shareholders of the bank expressed satisfaction with the performance of the bank which they noted had improved the economic wellbeing of the poor in the society.