• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 24, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

New NAMB President Urges Tinubu On Incentives For MFBs

by Leadership News
1 year ago
in Business
NAMB
Share on WhatsAppShare on FacebookShare on XTelegram

Newly elected president of the National Association of Microfinance Banks (NAMB), Abubakar Adamu Ahmad, has called on President Bola Tinubu to approve fiscal and other incentives for microfinance banks (MFBs) to enable them play their statutory roles of funding support for Nano and Micro, Small and Medium Enterprises (MSMEs) in the country.

Advertisement

Ahmad, who gave the charge in his post-election speech at the just concluded 14th Annual General Meeting (AGM) of the Association held in Abuja, also canvassed the involvement of the MFBs in the disbursement of the ongoing social intervention funds based on their grassroots-oriented roles in the nation’s financial system.

The NAMB’s president maintained the involvement of the MFBs in the disbursement of the intervention funds would go a long way in helping the President Tinubu administration to successfully disburse funds to 75,000 beneficiaries that had been processed to receive our N1 million Micro and Small Business single-digit interest loans effective from this month through the MSME hubs, five of which will be completed by October this year.

He said: “With the new minimum wage, high taxes and rising electricity tariffs, high cost of diesel, and general inflation, microfinance business is becoming increasingly expensive and difficult. We urge Mr. President to consider tax relief, a moratorium on other fees and charges, so that the sub-sector would be given a new lease of life.

“With a spread in all nooks and crannies of the rural areas of our dear nation, we are best equipped in the implementation of the President’s people oriented and life changing initiatives”, Ahmad stressed.

RELATED

PICTORIAL: Air Peace Gets 4th Boeing 777, Unveils New Intercontinental Routes

PICTORIAL: Air Peace Gets 4th Boeing 777, Unveils New Intercontinental Routes

11 hours ago
Three Crown Celebrates 2025 Mum Of The Year Campaign

Three Crown Celebrates 2025 Mum Of The Year Campaign

21 hours ago
ADVERTISEMENT

Meanwhile, at the just concluded 14th Annual General Meeting of the association held in Abuja, other national officers elected include the National first vice president, Adenrele Oni; National second vice president, Benjamin Mapac; national publicity secretary, Emmanuel Ajuzie; and national treasurer, Mohammed Idris.

Also, the members, during the electronically conducted election, elected new Board of Trustees, namely John Owan (chairman) South-South; Prof. Abiodun Amuda-Kannike, Secretary (NEC);  Rogers Nwoke, (South East); Theresa Deme, (North Central);  Hamzat Abdullahi, (South West); Yusuf Ibrahim, (North East); and Aminu Ibrahim Aminu (North West).

Speaking to journalists shortly at the end of the AGM, NAMB executive secretary, Eddy Orok, enjoined members of the Association, stakeholders and the banking public to give the new national officers maximum cooperation in order to move the Association to greater heights.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: NAMB
SendShare10173Tweet6358Share
ADVERTISEMENT
Previous Post

Behind The Numbers: Can Federal Govt’s Economic Reforms Rescue Nigeria?

Next Post

Business Owners Worry Over Regulatory Burden On Investors

Leadership News

Leadership News

You May Like

PICTORIAL: Air Peace Gets 4th Boeing 777, Unveils New Intercontinental Routes
Business

PICTORIAL: Air Peace Gets 4th Boeing 777, Unveils New Intercontinental Routes

2025/08/23
Three Crown Celebrates 2025 Mum Of The Year Campaign
Business

Three Crown Celebrates 2025 Mum Of The Year Campaign

2025/08/23
NGX Group Appoints Popoola As GMD/CEO
Business

Domestic Investors Dominate NGX Trades With N1.67trn In July

2025/08/23
FG Completes Repairs On Tin Can Port Access Road
Business

Customs Generates N16.4bn In Single Day At Tin Can Port

2025/08/23
Firm To Sustain Leadership, Youth Empowerment, Unlocks 6,000bpd  In Nigeria
Business

Firm To Sustain Leadership, Youth Empowerment, Unlocks 6,000bpd In Nigeria

2025/08/23
IMO Ready To Collaborate With NIMASA On Marítime Challenges – Scribe
Business

NIMASA Pledges Increased Monitoring, Enforcement On Vessels Over Marine Pollution

2025/08/23
Leadership Conference advertisement

LATEST

Remi Tinubu Empowers Lagos Families, Pledges Nationwide Elderly Support

Arsenal Thrash Leeds United 5-0 To Maintain Winning Streak

Katsina Gov’t Procures 8 New Armoured Vehicles To Combat Insecurity

Tinubu Mourns Ex-Plateau Military Gov Mana

Yoruba Nation Agitator Sunday Igboho Apologises To Ooni, Seeks Help To Get Name Off Security Watchlist

Police Arrest Armed Robbery, Car-snatching Syndicate In Abuja

Annual Confab: NBA President Leads Lawyers On 10km Health Walk In Enugu

Federal Gov’t Warns Kebbi, Niger, Kwara Residents To Leave Flood-prone Areas

‘You’re Collecting Salaries But Can’t Defend Gov’t,’ Oyebanji Slams ‘Disloyal Appointees’

Reps Query NERC, Others Over Disbursement Of N59bn National Metering Fund

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.