Managing Director of Nationwide Funding Financial institution PLC (NIB), Dr Doliwura Zakaria, paid a courtesy go to to the Chief of Workers on the Presidency, Julius Debrah.
The assembly supplied a possibility for the MD to specific his appreciation to President John Mahama for entrusting him with the management of NIB and to debate strategic initiatives aimed toward revitalising the financial institution.
Dr. Zakaria conveyed his gratitude for the arrogance positioned in him, emphasizing his dedication to reworking NIB into a number one monetary establishment that considerably contributes to Ghana’s financial improvement.
Throughout the Monday, March 25, assembly pledged to implement sturdy methods to show across the financial institution’s fortunes, with a goal of reaching substantial profitability by the third quarter of 2025.
He careworn that with unwavering help from the Presidency and key stakeholders, this bold objective is inside attain.
He additionally prolonged his due to the Presidency for promptly addressing NIB’s petition to revert the Nationwide Investigation Bureau’s acronym again to Bureau of Nationwide Investigations (BNI).
The earlier acronym overlap had precipitated public confusion, and this modification is anticipated to reinforce NIB’s company identification and reinforce public confidence within the financial institution.
Aligning with the federal government’s ‘BIG PUSH’ and “24-Hour Economic system” initiatives, Dr. Zakaria highlighted NIB’s collaboration with the Ministry of Transport and the Driver and Car Licensing Authority (DVLA).
This partnership contains the institution of an ultramodern flagship department on the Adenta DVLA workplace, designed to supply steady banking providers to the Adenta neighborhood and DVLA clients, thereby selling monetary inclusion and comfort.
Addressing the financial institution’s monetary state, Chief Dr. Zakaria appealed for the expedited launch of the remaining recapitalization funds as outlined within the 2025 funds.
These funds are essential for strengthening NIB’s capital base, enabling the financial institution to reinforce its service choices and obtain its profitability targets.
The 2025 Price range Assertion has earmarked GHS2.2 billion for the complete capitalization of NIB and the Agricultural Growth Financial institution (ADB), reflecting the federal government’s dedication to bolstering state-owned monetary establishments.
In response, Hon. Debrah counseled Chief Dr. Zakaria’s proactive strategy and imaginative and prescient for NIB. He suggested the financial institution to prioritize the event of revolutionary, technology-driven merchandise and to reinforce buyer experiences.
Such initiatives, he famous, are important to attracting and retaining technologically savvy, high-net-worth purchasers and companies each inside Ghana and internationally.
He additionally assured Chief Dr. Zakaria of his help in advocating for the financial institution’s full recapitalization, recognising its pivotal position within the nation’s monetary ecosystem.
Chief Dr. Zakaria additionally mentioned plans to relocate NIB’s Head Workplace to Cedi Home, searching for the Chief of Workers’s help in facilitating a swift approval course of with the Financial institution of Ghana (BoG), given the time-sensitive nature of the transfer.
Moreover, he emphasised the significance of collaborating with Ministries, Departments and Businesses (MDAs), Metropolitan, Municipal, and District Assemblies (MMDAs), and numerous ministries to handle mission funds, fostering stronger institutional relationships and increasing NIB’s enterprise portfolio.
Concluding the assembly, Chief Dr. Zakaria expressed his gratitude to the Chief of Workers and the Presidency for his or her help and prolonged his appreciation to the Minister of Finance, the Governor of the Financial institution of Ghana, and different sector ministers and companies who’re already collaborating with and supporting the financial institution.
He reiterated his dedication to steering NIB in the direction of a affluent future, contributing meaningfully to Ghana’s financial development and improvement.
This engagement underscores NIB’s dedication to aligning with nationwide aims and implementing strategic initiatives that can solidify its place as a cornerstone of Ghana’s monetary sector.
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