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D-Gov Extends Invitation to CLOUD BANK and Other Investors to Ondo State.
Ondo State Deputy Governor, Hon Lucky Aiyedatiwa has drew the attention of the Nation to the expanding scope of possibilities with Microfinance Bank and the value it bring to nation’s economic development when properly supported.
Aiyedatiwa gave the charge at the opening of CLOUD BANK Microfinance Bank, in Maitama , Abuja on Saturday.
In his speech, Aiyedatiwa who was the Special Guest of Honour at the event said, “two critical components that play vital roles in our nation’s economic development: Microfinance Banks and Information and Communication Technology ( ICT )” .
“These pillars possess the transformative potential to uplift communities, empower individuals and drive economic growth when effectively harnessed” .
According to him, Microfinance Banks serves as catalysts for economic progress, particularly in developing countries where a significant portion of the population operates within the informal sectors.
“By providing small loans, savings accounts and other financial services, Microfinance Banks enable individuals to establish and expand businesses while improving their livelihoods”, he said.
Speaking on ICT, Aiyedatiwa emphasized that ICT has become an indispensable tool for economic development, revolutionizing communication, business transactions and access to information.
“The integration of ICT in Microfinance Banks has enhanced the delivery of financial services, making them more efficient, accessible and secure” , he disclosed.
While reinstated the unflinching support which Ondo State Government under Arakunrin Oluwarotimi Akeredolu, SAN, CON, has given to investors and other private enterprises in the State, Aiyedatiwa charged the management of CLOUD BANK Microfinance Bank on the need to have branches in the sunshine state.
“Our State actually supports the growth and advancement of micro, small and medium enterprises ( MSMEs ) through various programmes and initiatives such as the Red Gold programmes, Cocoa Revolution, the upcoming Innovation House, and other technology-driven projects aimed at fostering economic progress” , he said.
“The recent approval of Port Ondo by the Federal Government signifies that Ondo State is globally accessible and primed for commerce”.
“Therefore, I extend an invitation to CLOUD BANK and other prospective investors to explore the limitless possibilities that await them in Ondo State, supported by an enabling environment” , he said.
Cloud Bank Managing Director, Mr Tolulope Iluyomade spoke on how technology has revolutionized the banking sector globally and the positive role Cloud Bank is playing in the sector.
He said Cloud Bank is here to make a significant difference to Nigeria and Nigerians particularly in improving financial services in the country.
He therefore stressed that the bank would continue to count on the support and cooperation of her customers, noting that the bank is committed to do more.
Dignitaries at the event are, Member, Nigeria House of Representatives, Hon Hafiz Ibrahim Kawu OON, Head of Nigeria Mission, International Peace Commission, Ambassador Hussain Comassie, Ondo State Commissioner of Mines Energy, and Minerals Resources, Engr Rasaq Obe, Deputy Inspector General of Police, Operations, DIG Dandaura Mustapha, Assistant Controller General, Nigeria Correctional Service and Wife, ACG & Mrs Alex O. Oditah and Ambassador Member, Emir of Kano in Council, Engr Magaji Salisu.
Others are, MD/CEO Spay Resources New-World, Mr Abayomi Olasanya, Director, General Service, Ministry of Trade, Industry and Investment, Dr ( Mrs ) Olabisi Taiwo, Deputy Director, Ministry of Niger Delta Affairs, Dr Iliyasu Bello, Head of Bureau de Change, Abuja, Alhaji Sani, Special Assistant to President on Youth and Students Affairs, Mr Ikeoluwa Senbanjo, SA to Permanent Secretary, Ministry of Defence, Dr Sulamon Jubril and others.
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