One of the newest banks in the country, Jaiz Bank Plc, has expressed its intention to make a presence in the state.
Towards this end, It has concluded arrangements to open a branch in the state.
According to the bank, it will open the branch to contribute its quota towards easing financing challenges being faced by microfinance companies.
The Managing Director / Chief Executive Officer of the Bank, Mallam Hassan Usman, made these disclosures when he led his management on a courtesy visit to Governor Rotimi Akeredolu.
He expressed confidence in the Akeredolu administration’s commitment to creating an enabling environment for businesses and investments to thrive in the state.
The banker equally said it was responding to the governor’s call on investors to come over and take opportunity of investment potentials available in the state.
He explained that the bank was also impressed with the administration’s investment friendly policies, which was also one of the strong points of coming to invest in the state.
He also commended the State Government’s drive towards entrepreneurship in the state, adding that the existence of the financial institution would go a long way in reducing stress being experienced in financing micro finance agencies in the state.
Governor Rotimi Akeredolu promised necessary support and appropriate location for the bank’s take off.
He noted that when operational, the people, especially market women, women groups, Small-Medium Enterprises (SMEs), cooperative societies, among, others would benefit immensely.
He said the ripple effects of its operations will boost the socio-economic activities and increase the economic powers of the people and the state.