SHIKIR NUHU HAS CALLED ON SOCIO-CULTURAL GROUPS TO SUPPORT MICROFINANCE BANKS

 SHIKIR NUHU HAS CALLED ON SOCIO-CULTURAL GROUPS TO SUPPORT MICROFINANCE BANKS

By Walbe Orgak
Microfinance bank has over the years contributed significantly to the economic development of the country and it has helped in poverty alleviation.

it is in this light that the Executive Secretary/CEO of the National Association of Microfinance Banks (NAMB)  Shikir Nuhu Caleb called on socio-cultural groups like Arewa Consultative Forum and others to help salvage the institutions from collapse most especially due to the Recapitalization regime by Central Bank of Nigeria.

Shikir Nuhu Caleb made the call during an emergency meeting with MDs of MFBs in Kaduna after the ACF NEC meeting.

According to him with support from such groups and other spirited individuals challenges confronting the Microfinance banks can be tackled.

‎Shikir called on the Igbos and the Yorubas to key into the fight to salvage the Micro Finance Banks from collapsing, he said ‘as we are lobbying from the north with ACF and Northern Elders Forum, the Igbos should reach out to Ohanize in the southeast and Afenifere in the southwest to advance the course of MFBs.

He noted that with advocacy and lobbying no challenge cannot be surmounted,  ‘So we feel these socio-cultural groups are apolitical and are not partisan, therefore, if they key into our program then the Microfinance Banks will be strengthened to continue providing economic empowerment to the less privilege ones hence becoming the cornerstone in the promotion of rural transformation and poverty alleviation thereby improving small-scale enterprises and boosting agriculture development, he added