Polaris, Niger State partner to make banking more accessible

Polaris Bank has entered into a strategic partnership with the Niger State Government by ensuring participants in the supply value chain of the National Home-Grown School Feeding Programme can open bank accounts with less hassle.
In a statement, it said this was part of its commitment to ease access to banking services for more people.



The Managing Director, Polaris Bank, Tokunbo Abiru, said the decision to partner with the state government aligned with the Federal Government’s commitment to ensure more children had access to education, especially those from the underprivileged and most vulnerable segments of the society.

While stating that human capital development was dear to the bank, Abiru said the partnership with the state government was in consonance with Polaris Bank’s commitment to efforts at bridging the gap in the number of unbanked Nigerians.

He disclosed that since the feeding programme commenced in 2016, over 7,500 people across supply value chain had been engaged in Niger State while Polaris Bank had opened bank accounts for 1,500 cooks.

Abiru said, “When you take into consideration a recent survey which shows that about 40 per cent of Nigerians are unbanked, and the financial inclusion target of the Central Bank of Nigeria, you will see the importance of the work we are doing with the Niger State government. This will also ensure that we stimulate the economy in the state by providing banking services to the chain of food suppliers, transporters, food stuff sellers, farmers and all other components involved.”

The NHGSFP is an initiative of the Federal Government designed as a deliberate act to encourage mass education among the underprivileged and the most vulnerable, according to the statement.





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