Union Bank Promotes Savings Culture in North

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Segun Awofadeji in Gombe
Union Bank of Nigeria Plc has launched a progamme aimed at transforming the saving culture and build the economic power of the lowest income earners in Northern Nigeria.

The Chairman of the initiative and Head, Retail Products, Union Bank, Mr. Arasaratnam Sheahan while inaugurating the programme in Gombe State recently, stated that the programme was meant to help the common man save at least N1, 000 per month with the assurance of earning cash benefits from the saving every quarter.

He said, the programme, tagged: ‘UnionKorrect-Dai-Dai’ has been designed and targeted at 30,000 people in each of the 11 states of the northern region in other to assist in addressing economic hardship especially of those with low income.

According to him, the first phase of the programme, which would last for two years has an open period of six months from the time of official launching for beneficiaries to enrol. He revealed that not less than 900 beneficiaries were expected to receive cash benefits within the period of the programme.

Other benefitting states include Adamawa, Bauchi, Borno, Sokoto,Taraba, Jigawa, Kebbi, Katsina, Yobe and Zamfara States.

Head, Union Bank, Gombe branch, Chief Fatai Baruwa stated that the programme came at the right time when people were faced with hardship as a result the current economic down turn.
He said Union Bank was aiming at providing services that are geared towards building the economic strength of the northern region and help in the economic growth of the society.