CBN Award Yobe Microfinance Bank, Launches Social Group Financing Product

Dr. Sheriff Muhammad Ibrahim, the Managing Director/CEO, Yobe Microfinance Bank Limited, has laud the efforts of Yobe State Government under the leadership of Hon. Mai Mala Buni in alleviating poverty and economic hardships in the state through Yobe Microfinance Bank.

The Managing Director made the statement during the Award Best Farmers’ 2021 by Central Bank of Nigeria (CBN) and Launching of Social Group Financing Insurance Product of Yobe Microfinance Bank Limited at the Banquet Hall Government House Damaturu.

Yobe Microfinance Bank Limited has emerged as the best participating Bank in Agricultural Credit Guarantee Scheme Fund (ACGSF) in Yobe State year 2021 and Three women customers of the bank were also qualified for the Three Best Positions of Farmers’ leading to the Award by Central Bank of Nigeria (CBN).

Dr. Sheriff said the bank targetted about 1,250 beneficiaries from 7500 market women and young men trained by International Organizations adding that the programme is aimed at empowering vulnerable households in the state.

He also revealed that Yobe Microfinance Bank will partner with different organisations that will bring development to the people of Yobe State as another project with Mercy Corps is coming up.

He then appealed with the State Government for the immediate release of the remaining recapitalization funds and renovation of the bank edifice.

Meanwhile, the Executive Governor of Yobe State, Hon. Mai Mala Buni has advised the people of the state to always patronize Agricultural Credit Guarantee Scheme Fund.

Again, he salutes the CBN for considering the effort made by state’s bank in Agricultural Financing and the BRICC Program cordinators for their support and encouraged them to do more for the benefit of the State.