Business

TAJBank opens new branch to deepen financial inclusion

Published

3 years ago

July 13, 2022

…..As excited traders jostle to open account
Joel Ajayi
TAJBank Ltd, a leading non-interest hank, has continued its service and financial inclusion drive with the opening of a new, technology-powered branch in Wuse 2, Abuja.

L-R: TAJBank Limited’s Managing Director/CEO; Mr. Hamid Joda; the bank’s board Chairman, Alhaji Tanko Gwamma; and the Executive Director, Mr. Sherif Idi; in joyous mood as the Chairman cuts the tape to formally open the new branch in Wuse 2, Abuja….recently

The opening of the new branch brings the lender’s growing branch network to 22 within its first two years of operation.
Speaking during the event, which was witnessed by scores of traders and small business owners eager to do business with the non-interest financial services provider, the Managing Director/CEO; Mr. Hamid Joda, said the opening of the Wuse 2 branch aligned with the management’s strategy of deepening financial inclusion by taking banking products and services to millions of unbanked and undeserved populace in the grassroots.

Joda explained: “The opening of the new branch is to continue with our strategy of ensuring that we take the TAJBank brand to all the nooks and crannies of the Country with the aim of addressing the service needs of our teeming customers.

“We understand that Customers want to do business and sometimes someone to give them that advisory service they yearn for which in turn will help to address their financial challenges”, he added.

In his remarks, the bank’s board Chairman, Alhaji Tanko Gwamma, stressed that one of TAJBank’s goals was to increase its visibility at the grassroots in demonstration of its commitment to continuously add socio-economic value to ordinary Nigerians.

According to him, Wuse 2 zone is one of the promising locations in the FCT where businesses are thriving every day and the idea of opening a branch there “is to ensure that customers don’t suffer in their banking transactions as TAJBank will not only give them real time service but also give them advice on how to grow their businesses.”

It would be recalled that TAJBank recently reported a 433% growth in PBT for the 2021 financial year and significant growth in gross revenue, balance sheet and other performance assessment indicators.

The non-interest bank is also set to launch Nigeria’s first private sector Sukuk offering under a N100 billion programme.

Share on Facebook

Business

RMAFC Chairman, Champions New Revenue Optimization Initiative in Collaboration with NASDRA

Published

6 days ago

January 30, 2025

The Gleamer

Joel Ajayi

The Chairman, Revenue Mobilization Allocation and Fiscal Commission (RMAFC), Dr. Muhammed Bello Shehu, OFR, has reaffirmed the Commission’s commitment to modernizing Nigeria’s revenue generation in collaboration with the National Space Research and Development Agency (NASDRA) and other key stakeholders.

The Chairman made this reaffirmation on
Thursday, at the Commission’s Headquarter in Abuja, during the launching of the implementation of the Presidential initiative on revenue optimisation and digitalisation via space technology.

The Chairman recalled that during his inaugural speech, His Excellency, President Bola Ahmed Tinubu, GCFR, emphasized the importance of economic recovery through enhanced revenue generation, which can primarily be achieved through the discovery of new revenue streams.

He emphasized that the Renewed Hope Agenda of this Administration can only be realized through the implementation of efficient revenue generation methods, with the creation of new revenue streams through the use of modern technology.

Dr. M.B. Shehu, OFR said, “We stand at the threshold of a new era, where innovation, creativity and collaboration drive economic growth and progress. It is indeed not an overstatement to say that the traditional sources and methods of revenue generation, apart from the fact that they are no more in vogue, are, most importantly, not sufficient to meet the evolving needs of our great Nation. Therefore, as key stakeholders, we must think innovatively and collaboratively to unlock new opportunities for economic growth and development in the interest of our beloved country.”

Dr. Shehu, therefore, emphasized the need for a strategic, technology-driven approach to revenue mobilization, pointing out that effective collection, accountability, and proper utilization of revenues are essential for national development. He posited that optimizing revenue sources is not just a necessity but a responsibility that must be shared by all stakeholders. “We are at the verge of writing a new chapter in Nigeria’s leadership. The collective determination of stakeholders here today is key to optimizing revenue collection and utilization. This is a task that must be achieved for our dear country.” He said.

The Director General of NASDRA, Dr. Matthew Olumide Adepoju, highlighted the potentials of space technology in revenue mobilization, noting that with AI, robotics, and space innovation, Nigeria can generate up to $50 billion annually while also strengthening national security.

Earlier in his Welcome Address, the federal commissioner representing Bauchi State in the Commission and Ag. Chairman of the Mobilization and Diversification Committee, Engr. Muhammed Sani Baba acknowledged the importance of the initiative and called for the support of all stakeholders to ensure its successful implementation.

He disclosed that the occasion was organised as a step towards the implementation of the directive of Mr President that the generation, collection and subsequent utilization of revenue should be modernized for the growth of the country and its exciting future.

A technical session featured a NASDRA-led presentation on leveraging space science and technology to block revenue leakages and create new revenue streams.

Share on Facebook