… Promises to create more business-friendly environment in the State.
By Abah Benjamin Eneojoh.
In a significant boost to the state’s economy, Kogi State Governor, Alhaji Ahmed Usman Ododo, today commissioned the newly established branch of Premium Trust Bank in Lokoja, the state capital. The event marks a major milestone in the development of the state as the bank’s presence is expected to enhance financial inclusion, boost economic activities, and support the government’s drive toward sustainable development.
While speaking at the event, Governor Ododo commended the management of the bank for their confidence in the state’s growing economy and for choosing Kogi as a viable destination for investment.
The Governor called on other financial institutions to emulate the gesture by investing in the state and partnering with his administration to promote job creation, industrial growth, and improved access to financial services for residents.
The Governor said: “Our administration is ready and willing to partner with Premium Trust Bank and other forward-looking institutions to accelerate development. I urge the management of this bank to key into our industrialization and agricultural transformation drive. We are opening up industrial parks, revitalizing farm settlements, and supporting agro-processing clusters. These initiatives require strong financial backing, and banks like Premium Trust can play a pivotal role in providing the needed capital and expertise to our small and medium enterprises.
“We also call on all financial institutions operating in Kogi State to support our development efforts. When banks empower society through loans, business support, and community investments, society in turn builds the stability and prosperity that keep the banks in business.”
Governor Ododo appreciated the president of the Federal Republic of Nigeria, His Excellency, Bola Ahmed Tinubu for providing an enabling environment for all financial institutions to thrive in Nigeria. “Let me also appreciate President Bola Ahmed Tinubu, GCFR, for his radical, timely, and people-focused reforms in the financial sector. His policies have strengthened our banks, increased depositor confidence, and opened new opportunities for investment and growth. The banking industry remains one of the biggest beneficiaries of these historic reforms, and I urge all players to use this renewed strength to support our national and subnational development agendas” he added.
The Managing Director of Premium Trust Bank, Dr. Emmanuel Efe Emefie, expressed the bank’s commitment to supporting the state government’s economic initiatives and providing innovative banking solutions to businesses and individuals across Kogi State. He noted that the new investment will strengthen Kogi State’s position as an emerging hub for business and economic growth in Nigeria.
With this development, Kogi State is poised for greater heights, as the partnership between the government and Premium Trust Bank is expected to drive economic growth, create jobs, and improve the lives of citizens. .
