Heritage Bank, 5 others Receive FG’S Letter of Engagement to Open 774,000 SPW Beneficiaries’ Accounts

R-L: Minister of States for Labour and employment, Festus Keyamo; Regional Executive, Abuja & North, Heritage Bank, George Oko-Oboh and DG of NDE- Dr Ladan Mohammed, during the issuance of Federal Government’s letter of engagement to Heritage Bank and 5 other banks to open 774,000 SPW beneficiaries’ accounts, which was held recently in Abuja.

 

Following its commitments to teeming entrepreneurs and youths’ empowerment, Heritage Bank Plc, Nigeria’s Most Innovative Banking Service providers has been engaged by the Federal Government to commence account opening for beneficiaries of the Special Public Works Programme through-out the 774 local governments. Also, five other financial institutions- Zenith, UBA, Access, Fidelity, FCMB are part of the banks appointed to engage in this exercise.

 

The Minister of State for Labour and Productivity, Festus Kenyamo announced issuance of letters of engagement to six Nigerian banks to commence account opening with Bank Verification Numbers (BVN) for the 774,000 participants of the SPW Programme in their branches, through-out the 774 local governments. The information was disclosed via the verified Twitter handle of the minister. Recall that 1,000 participants were drawn each from the 774 local government areas in Nigeria for the Special Public Works Programme.

 

In response to the nature of diversity and remoteness of some participants, the minister allayed the fears of missing out from the registration by the beneficiaries, stating that it has gotten assurance from the banks that even in places where they have no physical presence or branch, registration centers would be provided; hence participants don’t need to travel far. The minister said, ‘‘The banks assured us that even in LGAs where they don’t have branches, temporary registration centers would be opened in such LGAs so that the participants would not have to travel far to open their accounts”.

 

The minister further remarked that the breakdown of banks taking care of each of the LGAs will soon be published. Explaining the core areas of the SPW programme, Kenyamo said, “Special Public works department is one of the four (4) core focus of the NDE. It seeks to identify and optimize employment opportunities that abound in the public works sector by organizing the skilled, un-skilled and semi-skilled persons that are unemployed to carry out utility, environmental, infrastructural development and sanitation works.

 

Speaking on this development, the MD/CEO of Heritage Bank, Ifie Sekibo stated that engaging the bank on such arrangement was a demonstration of Heritage Bank’s commitment to using financial inclusion to boost entrepreneurship development, which is critical to its mission to create, preserve and transfer wealth across generations. He reiterated the bank’s commitment on investing in human capital development, especially entrepreneurs for critical economy recovery.

 

Expressing Heritage Bank’s feats in the areas of innovativeness in the aspect of empowering Nigerians- entrepreneurs and youths alike for economic growth, Sekibo explained, “On the economic level, you know that entrepreneurship drives employment, it drives social change, so we are really doing it for both social and economic change.”

 

Meanwhile, he reiterated that the bank had continued to make efforts to lead the recovery of the Nigerian economy through championing several empowerment schemes like HB Lab, The Next Titan, Youth Innovative Entrepreneurship Development Programme (YIEDP), Centre for Values in Leadership (CVL) on Young Entrepreneurship Business Training Programme (YEBTP), Young Entrepreneurs and Students (YES) Grant and Nigerian Youth Professional Forum (NYPF), amongst others.

 

Sekibo further explained that Heritage Bank’s various entrepreneur schemes in the support for business had always focused on dependable job-creating sectors, such as agricultural value chain (fish farming, poultry, snail farming), cottage industry, mining and solid minerals, creative industry (tourism, arts and crafts), and Information and Communications Technology (ICT).

 

He restated that the aim of Heritage Bank being at the forefront of youth empowerment is to emancipate the latent entrepreneurial spirit in the teeming youths to unleash their support to the growth of the economy.

 
READ MORE: https://www.championnews.com.ng/heritage-bank-5-others-receive-fgs-letter-of-engagement-to-open-774-000-spw-beneficiaries-accounts/
https://dailytrust.com/heritage-5-others-to-open-774000-fg-job-accounts
https://www.thisdaylive.com/index.php/2020/10/06/fg-engages-banks-for-774-000-jobs-beneficiaries/

https://promptnewsonline.com/heritage-bank-5-others-get-fgs-nod-to-open-774000-spw-beneficiaries-accounts/

https://nporeports.com/uba-zenith-four-others-get-fg-s-letters-of-engagement-to-open-accounts-for-774-000-beneficiaries-of-works-scheme-3930

Heritage Bank will increase wallet of business transactions with Lagos State Govt - George-Taylor
Akinola George-Taylor, Managing Director of Heritage Bank Plc, and his Team, paid courtesy visit yesterday to the Governor of Lagos, Babajide Olusola Sanwo-Olu, at the State House, Alausa yesterday.

The Managing Director of Heritage Bank, Akinola George-Taylor has disclosed that the bank would continue to increase the wallet of its business transactions with Lagos state government.  

He gave this assurance yesterday when he led a team of the bank on a courtesy visit to the Governor, Babajide Sanwo-Olu at the government house, Alausa, Ikeja.

George-Taylor commended Sanwo-Olu’s administration, whilst aligning with the great works in Lagos State.

“We are here to introduce ourselves as the new management of the Heritage Bank and being that we have had a relationship with the state (Lagos) for a number of years now, we felt it was necessary to come and present ourselves to the Governor; to say thanks for the business that we enjoyed with the government and that we align and commend the great work he is doing for Lagos State.

“And of course, as bankers, we want to try and increase our own size of the wallet of the business that we do with the government and to extend our best wishes to him and his government. It was a courtesy call to say thank you and wish him well in the next coming elections,” he said.

Speaking earlier, the Governor, Sanwo-Olu said his administration was poised to do more as it continued to play its roles in providing an enabling environment, improving the ease of doing business and being forward-looking in its dealings with financial institutions.

The governor also said that his administration will continue to ensure a mutually beneficial relationship with financial institutions in the State.

He said: “Lagos is the Centre of Excellence and the commercial, economic nerve centre, so we cannot but ensure that we have a very forward-looking mutually beneficial relationship with all of our financial institutions and of course, Heritage Bank is not an exception.

“I want to implore you and your team to be intentional and think something fresh; think something different that can indeed stimulate us. You can rest assured that we know how important it is to spread our businesses and to ensure that everybody gets a part of it knowing that you and your staff will also have a corporate responsibility on the Personal Income Tax component. It is expected that we will continue to play our roles and play our parts.”

Governor Sanwo-Olu congratulated the Managing Director and his new team on the huge and great responsibilities that shareholders and other stakeholders in Heritage Bank have reposed in them,” he said.