Culled from Vanguard :
IMO State government has said it
would float micro finance bank in each of the 637
communities, with its headquarters at Okigwe
Road, Owerri.
Governor Rochas Okorocha disclosed this while on
facility tour of the project headquarters in Owerri.
A statement by Mr. Akutah Peace said Governor
Okorocha explained that the state government
was in partnership with the Central Bank of
Nigeria on the project and had equally obtained
certificate and completed all necessary
documentation for smooth take off.
He assured that the bank would be adequately
funded by the state, stressing that about N2
billion naira had been earmarked for the bank.
The governor described the financial institution as
a dream come through in the present
administration’s bid to alleviate poverty in the
state, pointing out that “this will help the ordinary
people in the village, the peasant farmers, traders
to access loan.”
He added that all Community Government
Council, CGC, accounts would be created in the
Imo micro inance banks for easier access to the
communities.
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