By Sani Gazas Chinade
The Vice-Chancellor Yobe State University, Professor Mohammed Mala Daura said the University will soon establish its outstanding Microfinance Bank that will benefit staff, students, and the entire host community.
The Vice-Chancellor disclosed this when R.I & CO Financial Institutions Consultant LTD paid him a courtesy visit in his office.
Professor Daura said the University invited the consultancy company mainly to advise and recommend for the management on the establishment of Yobe State University Microfinance Bank so as to create businesses and to ease both the staff and students on financial transactions.
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He said, “it was suggestions of the committee on the proposed Microfinance Bank that raised the need for us to engage a consultant who will put us through the process of establishing Microfinance Bank”.
The Vice-Chancellor added that their dream is to have an outstanding Microfinance Bank in the University that will serve the needs of the University community and beyond.
Daura further revealed that a Tertiary Institution Poultry Revival Scheme Farm offered by the Central Bank of Nigeria (CBN) will soon be initiated and the Business Plan is already on the ground.
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During the presentation which was led by the Managing Consultant/CEO of R.I & Co, Rabiu Ibrahim Tudunwada revealed that if given the mandate, they will establish the bank within 14 weeks.
The Consultant added that the Bank will have features like any other commercial bank in which he promised that an ATM machine will be provided to the bank.
The Vice-Chancellor was at the presentation with the Deputy Vice-Chancellor Academic Services, Dr. Mohammed Musa Lawan, Registrar, Dr. Kalli Alkali Yusuf Gazali, Bursar, Bukar Aji Bukar, Deputy Registrar Information and Protocol, Hajia Uwani Mamuda, among others.