The other pilot locations are locations are; Bauchi, Ibadan, Kaduna, Enugu, Port Harcourt and Lokoja NIPOST offices. Broadly, the new institution, NIRSAL Microfinance Bank (NMFB) will expand available options and empower SMEs across Nigeria with structured microcredit to help them establish and expand their businesses. “The Bankers Committee provided the set-up equity capital and owns 50 per cent of the bank, while NIRSAL and NIPOST own 40 per cent and 10 per cent respectively. “NIRSAL Microfinance Bank will be a game-changer which will complement and support existing structures and players in the sector to better serve the millions of small entrepreneurs in the country,” he added. The bank will work with all relevant partners, stakeholders and players to achieve this.”

Source: Nigerian Tribune January 31, 2019 17:48 UTC