The Kwara State Governor, Abdulfatah Ahmed, has tasked Micro-finance Banks in Nigeria, to explore various opportunities in the rural areas to guarantee inclusive banking and stimulate the economy.
Governor Ahmed made the call while receiving the cheque for the dividend accrued to the state government from the Chairman, Board of Director of the Micro-finance Bank, who is also the Kwara State Commissioner for Finance, Mr Demola Banu.
Speaking on Friday at the Government House in Ilorin, the state capital in southwest Nigeria, Governor Ahmed highlighted the benefits of inclusive banking.
He said that leveraging on the opportunity of inclusive banking would not only help contribute to the GDP, but would also enhance movement of cash from surplus zone to deficit zone.
The Governor expressed satisfaction that the bank was able to achieve purpose of its establishment of contributing to the state economic viability.
He revealed the government’s intention to patronise the bank for its small and medium loan to the public, with a view of improving the bank.
