WE WILL OPEN BANK ACCOUNTS FOR OUR PEOPLE TO CUSHION THE EFFECTS OF SUBSIDY REMOVAL – KANO GOV.

By Arowoogun Abiola Ade-Ire

The Kano State governor has announced the plan to open bank accounts for individuals in the state as part of the efforts aimed at alleviating the economic pressure and stress brought about by the fuel subsidy removal and for financial inclusion of the vulnerable people especially in the rural areas.

This was contained in the governor's statement on Wednesday 26th July, 2023 while signing an executive order. This action he explained is part of the plans in the executive order he has signed to help Kano State cushion the negative economic effects of the fuel subsidy removal on the people of Kano State.

Part of the statement read " I have decided to move forward and be proactive in my efforts to open bank accounts for at least one million people in one year". These people according to him are financially under-served and vulnerable people who are excluded from financial services in the rural areas of the state.

Kano State governor, Uba Sanni while signing the executive order

This action he said is to allow poor people to get access to social intervention programs by the state and federal government.

He quoted an UN report that about "70 - 75% of the people in the remote areas of Kano State are excluded in banking as they do not have accounts at all.

The governor said he was aware of this figure as a chairman of some financial committees in the National Assembly.

He therefore declared that he had gathered a "strong team" of some professional individuals who will help implement this and other aspects of the executive order.

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