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.

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Business

Private Sector Unveils Agribusiness Investment Fund To Boost Food Security

Published

1 day ago

March 17, 2025

The Gleamer

In a groundbreaking move, the private sector has unveiled a pioneering investment fund to revolutionize Nigeria’s agricultural landscape and drive food security.

This initiative takes the form of a private sector-led Large-Scale Agribusiness Financing Programme, presented to the Federal Government as a collaborative effort to drive food sovereignty through large-scale investment in industrial agriculture.

At a high-level meeting with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the CEO of Ministry of Finance Incorporated (MOFI), Dr Armstrong Takang, held in his office in Abuja, KPMG and private sector operators outlined an investment fund model designed to mobilise large-scale financing for the production and processing of critical crops, including oil palm, rice, maize, cassava, sugar, and soybean.

The proposal aligns with the administration’s vision to reduce Nigeria’s £3 billion annual food import bill by expanding mechanised farming, strengthening local refining capacity, and enhancing food security. It emphasises private sector participation, transparency, and scalability.

HM Edun and Dr Takang welcomed the initiative, reaffirming the government’s commitment to working with the private sector to unlock investment and drive sustainable agricultural transformation.

As Nigeria takes bold strides towards achieving food sovereignty, this innovative partnership between the private sector and the government marks a significant milestone in the country’s journey towards a more sustainable, self-sufficient, and prosperous future.

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