Plateau Local Government Set to Establish Micro Finance Bank

Plans are underway for the establishment of a microfinance institution in Kanke Local Government area of Plateau State.

According to the Transition Committee Chairman, Mr. Caleb Shikir, he is working on establishing the microfinance bank to tap and mobilize home resources for rural growth and development.

The Transition Committee Chairman, in a statement by his Senior Special Assistant on Media and Protocol, Tea Gomos said the plan is to maximize the huge potentials of the economy through the instrumentality of local commerce.

Shikir has since commenced the process with strategic sessions with high profile contacts towards having a Microfinance Bank in the LGA.

The Transition Chairman, who until his recent appointment, was the Executive Secretary/CEO of Microfinance Banks in Nigeria and was amongst the delegation that visited the Central Bank of Nigeria Deputy Governor – Financial Systems Stability (FSS) and the MD/CEO of NDIC at their Corporate offices in Abuja to among other issues discuss the process and the current happenings within the Microfinance Banking subsector.

The TIC Chairman used the opportunity to make high level contacts to drive home an opportunity of setting up a Microfinance Bank within Kanke LGA in order to support the financial services of the economically active citizens in the Local Government Area and it’s environs.

Shikir expressed his readiness to put all machineries in place to ensure that the LGA has a form of financial institution during his stay in office as one of his legacies which he says will be private- sector driven.

He stressed that he has identified this as one of the major challenges of economic activities within Kanke and its environs over the years and he is ever ready to change the narrative, hence the consultations.

The Chairman also opined that the presence of a financial institution in the LGA will help boost the economic life and businesses of citizens within the Local Government Area.

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