The Governor of Cross River State, Prof Ben Ayade, After the commissioning of the first ever state’s owned microfinance bank in Calabar, the state capital on Tuesday had said Boki LGA stands as next Beneficiary of the project.
Ayade emphasized On the need to spread the branches of the microfinance bank to other local government areas across the state, Ayade disclosed that Boki, with no institution or bank will be the first to get a branch even as the groundbreaking is billed to take place in December.
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“I promise Boki that I will bring an institution because the area is too big not to have an institution, I hereby implement the promise I made during my campaign,” the governor said, adding that, “it is now left for Boki sons and daughters through the SSG to chose a location where we can set up the microfinance bank in Boki.”
Earlier, Chairman, National Association of Microfinance Banks in Nigeria, John Owan, affirmed that “we are happy to have a new baby born into the industry as all microfinance banks in Cross River before now were privately owned”.
“Having seen the state-of-the-art facilities here, I have no doubt that those who patronise this bank will not regret doing so.”
Cross River Controller, Central Bank of Nigeria, Sampson Esua, remarked that Ayade had made the job of CBN easy as the bank has several packages to offer through the newly established microfinance bank.
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