The Mabudi Micro Finance Bank has called on rural dwellers to maximise the services provided by the financial institution to overcome economic challenges.
Jonah Wuyep, chairman of the microfinance bank, called on customers and shareholders in the micro-finance bank to continue to believe in the services provided to the rural dwellers and support the micro-finance bank as he assured them of their commitment to positively impact the lives of the people.
According to him the “continued substantial dependence of the national economy on oil and gas in a very volatile sector threatened by oil theft and pipeline vandalism as well as insecurity induced by terrorism and communal clashes are key factors challenging Nigeria’s efforts in economic prosperity.”
Stressing that there is adverse poverty and pervasive unemployment which must be systematically addressed to lift citizens above the poverty line Wuyep urged stake holders in the political and economic sectors to device policies and strategies to deal effectively with the challenges so as to significantly improve the economy and ensure improvements to address these problems.
Amos Balami, the managing director of the microfinance bank, however, stated that the bank had targeted the improvement of agricultural activities, trade/commerce, transportation, housing, education and health to improve the well being of the people.
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“The years 2012 and 2013 had been unfavourable considering the perennial Fulani disturbances in Langtang South and the more national Boko Haram menace but there were also achievements.
“Our customer base stands at over 7000 and our loans target agricultural activities, trade/commerce, transportation, construction/housing, education, health etc which have improve the economic and general well being of our people” he said.
Balami encouraged the rural populace to embrace the rural banking through the Micro-Finance bank and increase their share holding to enable the Micro Finance bank commence branch expansion.
Hope Ikwe
