{"id":43637,"date":"2020-10-06T16:28:10","date_gmt":"2020-10-06T15:28:10","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=43637"},"modified":"2020-10-06T16:38:52","modified_gmt":"2020-10-06T15:38:52","slug":"heritage-bank-5-others-receive-fgs-letter-of-engagement-to-open-774-000-spw-beneficiaries-accounts","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-5-others-receive-fgs-letter-of-engagement-to-open-774-000-spw-beneficiaries-accounts\/","title":{"rendered":"Heritage Bank, 5 Others Receive FG\u2019s Letter Of Engagement To Open 774, 000 SPW Beneficiaries\u2019 Accounts"},"content":{"rendered":"<p class=\"yiv7520364344MsoNormal\">Following its commitments to teeming entrepreneurs and youths\u2019 empowerment, Heritage Bank Plc, Nigeria\u2019s Most Innovative Banking Service providers has been engaged by the Federal Government to commence account opening for beneficiaries of the Special Public Works Programme through-out the 774 local governments.<\/p>\n<p class=\"yiv7520364344MsoNormal\">Also, five other financial institutions- Zenith, UBA, Access, Fidelity, FCMB are part of the banks appointed to engage in this exercise.<\/p>\n<p class=\"yiv7520364344MsoNormal\">The Minister of State for Labour and Productivity, Festus Kenyamo announced issuance of letters of engagement to six Nigerian banks to commence account opening with Bank Verification Numbers (BVN) for the 774,000 participants of the SPW Programme in their branches, through-out the 774 local governments.<\/p>\n<p class=\"yiv7520364344MsoNormal\">The information was disclosed via the verified Twitter handle of the minister.<\/p>\n<p class=\"yiv7520364344MsoNormal\">Recall that 1,000 participants were drawn each from the 774 local government areas in Nigeria for the Special Public Works Programme. In response to the nature of diversity and remoteness of some participants, the minister allayed the fears of missing out from the registration by the beneficiaries, stating that it has gotten assurance from the banks that even in places where they have no physical presence or branch, registration centers would be provided; hence participants don\u2019t need to travel far.<\/p>\n<p class=\"yiv7520364344MsoNormal\">The minister said, \u2018\u2018The banks assured us that even in LGAs where they don\u2019t have branches, temporary registration centers would be opened in such LGAs so that the participants would not have to travel far to open their accounts\u201d.<\/p>\n<p class=\"yiv7520364344MsoNormal\">The minister further remarked that the breakdown of banks taking care of each of the LGAs will soon be published.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p class=\"yiv7520364344MsoNormal\">Explaining the core areas of the SPW programme, Kenyamo said, \u201cSpecial Public works department is one of the four (4) core focus of the NDE. It seeks to identify and optimize employment opportunities that abound in the public works sector by organizing the skilled, un-skilled and semi-skilled persons that are unemployed to carry out utility, environmental, infrastructural development and sanitation works.<\/p>\n<p class=\"yiv7520364344MsoNormal\">Speaking on this development, the MD\/CEO of Heritage Bank, Ifie Sekibo stated that engaging the bank on such arrangement was a demonstration of Heritage Bank\u2019s commitment to using financial inclusion to boost entrepreneurship development, which is critical to its mission to create, preserve and transfer wealth across generations.<br \/>\nHe reiterated the bank\u2019s commitment on investing in human capital development, especially entrepreneurs for critical economy recovery.<\/p>\n<p class=\"yiv7520364344MsoNormal\">Expressing Heritage Bank\u2019s feats in the areas of innovativeness in the aspect of empowering Nigerians- entrepreneurs and youths alike for economic growth, Sekibo explained, \u201cOn the economic level, you know that entrepreneurship drives employment, it drives social change, so we are really doing it for both social and economic change.\u201d<\/p>\n<p class=\"yiv7520364344MsoNormal\">Meanwhile, he reiterated that the bank had continued to make efforts to lead the recovery of the Nigerian economy through championing several empowerment schemes like&nbsp;HB Lab, The Next Titan, Youth Innovative Entrepreneurship Development Programme (YIEDP), Centre for Values in Leadership (CVL) on Young Entrepreneurship Business Training Programme (YEBTP),&nbsp;Young Entrepreneurs and Students (YES) Grant and Nigerian Youth Professional Forum (NYPF), amongst others.<\/p>\n<p class=\"yiv7520364344MsoNormal\">Sekibo further explained that Heritage Bank\u2019s various entrepreneur schemes in the support for business had always focused on dependable job-creating sectors, such as agricultural value chain (fish farming, poultry, snail farming), cottage industry, mining and solid minerals, creative industry (tourism, arts and crafts), and Information and Communications Technology (ICT).<\/p>\n<p class=\"yiv7520364344MsoNormal\">He restated that the aim of Heritage Bank being at the forefront of youth empowerment is to emancipate the latent entrepreneurial spirit in the teeming youths to unleash their support to the growth of the economy.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Following its commitments to teeming entrepreneurs and youths\u2019 empowerment, Heritage Bank Plc, Nigeria\u2019s Most Innovative Banking Service providers has been engaged by the Federal Government to commence account opening for beneficiaries of the Special Public Works Programme through-out the 774 local governments.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":43641,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[7493,1983,7492],"coauthors":[2391],"class_list":["post-43637","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-774-local-governments","tag-heritage-bank-plc","tag-public-works-programme"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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