November 29, 2022

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Kebbi: Union Financial institution, WACOT start monetary inclusion drive for smallholder farmers


As a part of Union Financial institution’s dedication to driving monetary inclusion in Nigeria, the Financial institution has partnered with WACOT Rice Restricted – a rice processing firm, to financially embrace 6,000 native farmers together with youth and girls in Kebbi State.

The Kebbi Monetary Inclusion Drive (KFID) which is able to cowl 4 Native Authorities Areas- Argungu, Augie, Suru, and Dandi – is a important a part of WACOT’s Argungu Outgrower Growth Venture funded by United States Company for Worldwide Improvement (USAID) West Africa Commerce Hub. This program is about to resolve the overwhelming monetary inclusion deficit inside rural communities in Kebbi.

The monetary inclusion initiative is being carried out with technical help from Nationwide Id Administration Fee (NIMC), to assist the farmers purchase the related documentation and identification required to open financial institution accounts.

Union Financial institution will facilitate account opening and develop its company banking community to cowl the areas whereas supporting its brokers on floor with digital banking options to allow seamless transacting and account administration.

Chairman WACOT and Board Chairman, Union Financial institution ,Farouk Gumel, was on floor in Kebbi State to kick-off the drive and paid a go to to the Kebbi state Governor, Senator Abubakar Atiku Bagudu to debate increasing the programme state-wide.

In his keynote handle on the not too long ago concluded Chartered Institute of Bankers of Nigeria (CIBN) Convention, Mr. Gumel stated:

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