NDDC TO CREATE JOBS, GROW SMALL AND MEDIUM ENTERPRISES THROUGH MICROFINANCE BANK
MANAGING DIRECTOR NDDC, DR. SAMUEL OGBUKU
FROM GABRIEL OKECHUKWU, FRCN PORT HARCOURT
The Managing Director, Niger Delta Development Commission, NDDC, Dr. Samuel Ogbuku says Management is committed to ensure the success of the newly established Staff Cooperative Microfinance bank.
Dr. Ogbuku who made this known while playing host to the board members of the microfinance bank stated that the bank would be instrumental in job creation as well as growth of small scale and medium enterprises in the Niger Delta region.
Having been in the works for quite some time, the incorporation of Niger Delta Development Commission, NDDC Staff Cooperative Microfinance Bank about twelve months ago set in motion the move to float the bank, but history was made earlier this month when the bank began full operations with notification to the Central Bank.
Speaking during a courtesy visit on him by the management board of the financial institution, the Managing Director, Niger Delta Development Commission, NDDC, Dr. Samuel Ogbuku who gave assurance that efforts would be made to provide the needed capitalization for the bank to operate nationwide, noted that it was part of the business initiatives of management to guarantee sustainability of the commission.
Dr. Ogbuku insisted that through the Public Private partnership PPP, scheme of present administration, other investors and contractors of NDDC would be made to buy into the idea to enhance development of the region.
Earlier in her presentation, Chairman NDDC Staff Cooperative Microfinance Bank, Dame Onome Adewuyi who told the MD that the bank has capable hands for smooth operations, promised that the bank would partner the commission in skill acquisition and human capital development for women and youths.
Dame Adewuyi also solicited financial support to enable the bank acquire ICT facilities and operational vehicles.
The bank which has a primary objective of providing support to staff and the commission, is expected to have branches in Niger Delta states to help drive economic growth.