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Our investment drive yielding dividends – Fayemi
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Chairman of Nigeria Governors’ Forum (NGF) and Governor of Ekiti State, Dr. Kayode Fayemi.
The Ekiti State Governor, Dr. Kayode Fayemi, says the investment drive of his administration has been yielding dividends in key sectors of the economy.
Fayemi spoke when he received the top management team of Sterling Bank led by the Divisional Head, Retail, Mr Shina Atilola, on Friday, in Ado-Ekiti.
The team unfolded the bank’s proposal to develop tourism, art and craft sectors. Fayemi, represented by the Deputy Governor, Chief Bisi Egbeyemi, expressed delight with the bid tabled by Sterling Bank Plc to invest in Arinta Waterfall in Ipole Iloro and develop it to a tourist destination of choice in Nigeria.
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Osinbajo to lead discussions at Banks’s CEOs Summit on Economic Growth tomorrow
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…Govs Fayemi, Zulum, Sanwo-Olu to speak
Vice President Yemi Osinbajo, Finance Minister, Zainab Ahmed, Governor of the Central Bank of Nigeria, Godwin Emefiele and Chief Executive Officers (CEOs) of banks will converge tomorrow at the Banks’ CEOs Summit.
The event which is being organised by Vanguard Newspaper in collaboration with the CBN and the Bankers Committee, will also be attended and addressed by Dr Kayode Fayemi, Chairman, Governors’ Forum and Governor of Ekiti State; Governor Babagana Zulum of Borno State; and Governor Babajide Sanwo-Olu of Lagos State.
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In this interview, Shina Atilola, Divisional Head of Retail and Consumer Banking at Sterling Bank Plc, highlights the benefits enjoyed by merchants on the bank’s newly introduced PaywithSpecta platform. It creates new funds and disposable income for consumers to pay for services and make essential purchases with payment spread over time.
Q: Sterling Bank recently launched PayWithSpecta, a consumer and merchant payment solution; please tell us about this novel product?
Ans:COVID-19 impacted the world’s economy, and Nigeria is not an exception. The capacity of a consumer to pay for products and services has diminished. We know the merchant wants to sell, and the consumer wants to buy. A significant challenge has been the capacity of the consumer to make purchases. We created PaywithSpecta to solve this nagging problem. It allows consumers to pay for goods in instalments, while merchants are credited instantly.
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Mon Feb 22 2021
Alhaji Umar Nasiru, Chief Executive Officer (CEO) of Al-Ummur Ventures Limited, deals in textile fabrics at the popular Kasuwan Barchi Market, Tudun-Wada in Kaduna South Local Government Area of Kaduna State. In this interview, he was full of praises for Sterling Bank Plc for introducing the PaywithSpecta solution, noting that the initiative has transformed his business.
As a business owner, what new processes or approaches did you adopt to survive the challenging business environment of 2020?
One of the major challenges in business today is funding. As you can see, people don’t have enough capital. What Sterling Bank is doing to support their customers’ businesses is really helping a lot because these days, government funding is not forthcoming. The bank’s strategy of funding businesses is worthy of commendation.