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Microfinance banks operators congratulate Ambode

2015-04-14 09:11
Supporters of Nigeria President Goodluck Jonatha attend an election campaign rally at the National stadium in Lagos, Nigeria. (Sunday Alamba, AP)

Lagos - The Chairperson of National Association of Microfinance Banks (NAMB), Lagos Chapter, Clara Oloniniyi, on Monday congratulated Akinwunmi Ambode, Lagos State Governor-elect, on his victory at gubernatorial polls.

Oloniniyi said that microfinance banks operators in Lagos were delighted at Ambode’s victory.

"Certainly your willingness to volunteer your time and effort, as well as express your opinions, has contributed to your being elected," she said.

She  urged the governor-elect to keep faith with making adequate loans avalaible for the growth of entrepreneurs, especially Micro, Small and Medium Enterprises (MEMEs’) operators in the state.

She pleaded that the governor-elect should route the loans  through microfinance banks for effective and sustainable management.

"Don't forget those in microfinance banking industry who have been working relentlessly for poverty reduction in the country.

"It will be good to have a mayor in office who has made our industry a priority" she said.

Also read: NDE disburses N117m in 31 states - official

She also stressed the need for Ambode’s administration to assist microfinance banks in the provision of needed infrastructure in the state.

"If the loans are given out at four per cent per month, how much do you think it will amount to in a month that the bank will realise enough profit to meet all the various expenses associated with the loan?

"We should all know that that the best panacea to realising objectives for establishing the banks is an aggressive advocacy for entrepreneurship spirit.

"But this spirit can only be gingered if those at the windows of powers are friendly to the banks.

"The era of finishing from school and the next step is for young graduates to be looking for a job should be over,” she said.

She also commended the incumbent governor, Babatunde Fashola for his support to the sub-sector.

She  said that Fashola's administration had assisted microfinance banks in Lagos very well and operators hoped this would continue under Ambode's administration. 

Read more on: akinwunmi ambode  |  nigeria  |  2015 elections

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