A new bank, to be known as National Post Bank, that will operate mostly in the rural areas will soon be established by the federal government. The bank would cater for numerous unbanked population in the rural areas.
The plan to introduce the bank was made known by the Minister of Communications, Adebayo Shittu, in Bangkok, Thailand, while addressing Nigerians and prospective foreign investors in the Nigerian Pavilion. The post bank would use facilities of the Nigerian Postal Service (NIPOST) spread across the country, he said.
Shittu said that the federal government would grant tax holiday to would-be investors in Nigeria, pointing out that the country aimed to reduce its current worrisome level of unemployment.
Nigerian Ambassador to the Thailand, AbdulKabir Bala, told the Nigerian audience at the event that president Buhari had ordered the country ambassadors to woo investors to Nigeria, saying:
“Our president has given us, the ambassadors, a marching order to get investors to invest in the two critical sectors of agriculture and solid minerals. But I will add telecom sector for myself.