Alhaji Muhammed Barike Sameel, the State Commissioner of Commerce and Industry for Nasarawa, Nigeria, recently stated that the state of Nasarawa plans to establish microfinance banks in all 13 of Nasarawa’s local municipalities. Mr Sameel made this announcement at the opening ceremony of a workshop organized for business associations in the state at Investment Conference Hotel in Lafia, Nasarawa’s capital.

Malam Abubakar Mohammed, the Commissioner Mineral Resources for Nasarawa, said that the gesture would create an enabling environment for enterprise as well as improve the state’s economy. Information on the timeline and budget for the creation of these microfinance banks has not yet been released.

By Julia Korn, Research Associate

Sources and Additional Resources:

[1] Microfinance Africa. “Nigeria: Nasarawa State Government to establish 13 micro-finance banks” on August 7, 2010. http://microfinanceafrica.net/news/nigeria-nasarawa-state-government-to-establish-13-micro-finance-banks/

MicroCapital. “MICROCAPITAL BRIEF: Niger State in Nigeria To Facilitate the Establishment of New Microfinance Banks (MFBs) Across the State” by Julia Korn on May 20, 2010. http://www.microcapital.org/microcapital-brief-niger-state-in-nigeria-to-facilitate-the-establishment-of-new-microfinance-banks-mfbs-across-the-state/

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