Economy
KMC-Kayi Microfinance Bank Opens Headquarters In Kano
KMC-Kayi Microfinance Bank Opens Headquarters In Kano
By Admin October 6, Oct 6, 2023
The chairman of Kano-based Kayi Microfinance Bank, Alhaji Sa’adina Dantata, has said the bank’s newly launched mobile banking application, Kayi App, will revolutionize banking in the state and beyond.
Dantata stated this at the launch of the bank’s headquarters in Kano, on Thursday.
Nigerian courier reports that the App, which the bank described as a “super app”, is the first of its kind in the state, which is the commercial hub of Northern Nigeria.
Sa’adina Dantata said he decided to invest in the bank to give small-scale business owners a chance to key into the modern banking system.
According to him, the services of the app would give small-scale enterprises the ability to make transactions without physical currency.
“We want to see a change where a commercial tricycle operator would receive fare from passengers via this app without using physical cash.
“We want to see a woman frying akara or yam at the roadside, making transactions without app. The developers have tried to make it super user-friendly,” he said.
Dantata further stated that the bank had provided employment opportunities to teeming youth, not only in Kano, but the entire Northern region.
He further said the bank had so far employed one person from each ward in four states of Northern Nigeria, adding that plans are underway to expand the employment to cover Nigeria and expand across Africa.
The app contains packages targeting diaspora and cross-border payment, the Product Lead of KMC Microfinance Bank, Abdulganiyyu Rufai, has said.
He said that is “why we have a multiple currency swap within the single app. We did not even stop at that, we also have a digital currency still on the same app.”
Mr Rufai said the app was developed with user-friendly features that would ease transactions for customers, adding that it was built on futuristic technology.
He said the aim of the app was to give millions of small and medium business operators a chance to access digital banking without technical difficulty.
The app, he said, was built on Internet 2.5 which is above the commonly used Internet services.
“As you can see, first of all we have a physical branch where people can go and engage in a traditional mode of banking and then we have a customer support center here.
“Of course, for those who are willing to maintain the status quo, however, we come up with a cutting-edge technology that will support urban professionals and all other people willing to serve people. What we have is not just another app it is a super app nice and quite different from what is obtainable within Nigeria., it is an app that is built on futuristic technology,” the bank official said.
The official said the bank is targeting the “unbanked and under-banked populace of Nigeria. That is why the technology can be operated even in hard-reached communities.”
Launching the APP, the Emir of Kano Alhaji Aminu Ado Bayero lauded the owners of the outfit, adding that the device would enhance the growth and development of the economy of Kano State in particular and Nigeria in general.
He said Kano being the nation’s centre of commerce deserved more of such facilities as the KMC-KAYI APP that would support small businesses and other services.
He said the APP would help in overcoming the current financial inclusion challenges in society by creating viable channels “through which the unbanked could be financially engaged.”
He implored members of the Kano business community to seize the opportunity and patronize the APP in their business and trading undertakings.
About The Author
Gov. Abba Kabir Yusuf of Kano State has called on Northern states to strengthen collaboration in implementing tax reforms and digital transformation to boost revenue generation and ensure sustainable development.
Yusuf made the call on Wednesday at the second day of 2025 Northern Revenue Conference held in Kano.
The conference, with the theme “Readiness, Reforms, and Digital Transformation,” brought together policymakers, fiscal experts, and revenue administrators from across the northern states to discuss emerging trends in tax administration.
Represented by the Commissioner for Planning and Budget, Alhaji Musa Shanono, the Governor said effective revenue management remained central to good governance and economic growth.
He said his administration had prioritised fiscal reforms and digital innovation to improve transparency, efficiency, and accountability in public finance.
Yusuf commended the Kano State Internal Revenue Service (KIRS) for its progress under the leadership of Dr. Zaid Abubakar, describing it as a model for other states to emulate.
He said the enactment of the 2025 Nigerian Tax Laws had ushered in a new era in the country’s fiscal policy, encouraging states to embrace innovation and technology in tax administration.
Yusuf added, “The new framework compels us to think more strategically, collaborate more effectively and act more decisively.
“We must expand our fiscal frontiers beyond traditional boundaries and harness the potential of the informal sector, SMEs, and the growing digital economy.”
He emphasised integrity and accountability as the foundation of effective governance, saying:
“Integrity is fundamental in whatever we do. When it is missing, energy and intelligence are wasted,” he said.
Also speaking, the Chairman, Kano State Internal Revenue Service (KIRS), Dr Zaid Abubakar, has called on state revenue agencies to embrace digital innovations and institutional reforms to enhance efficiency and transparency in tax administration.
He said the era of manual processes and guesswork in tax administration had passed, stressing the need for precision, digital competence and strong leadership in driving fiscal reforms.
“The 2025 reform agenda requires us to be strategic, data-driven and technology-oriented.
“The era of guesswork in tax administration is over. We must move towards systems that ensure accountability, accuracy and convenience for taxpayers,” he said.
The KIRS Chairman urged participants to use the conference as a platform to share ideas, strengthen collaboration and build networks that would promote a more efficient and taxpayer-friendly revenue system across the northern states.
He reaffirmed the commitment of the Kano State Government to continue investing in digital transformation and capacity building to support sustainable revenue growth and fiscal stability
About The Author
Yusuf stated this on Tuesday while declaring open the 2025 Northern Revenue Conference held in Kano.
The conference, with the theme “Readiness, Reforms, and Digital Transformation”, was attended by revenue administrators, policymakers, and fiscal experts from across the Northern states.
Represented by the Commissioner for Planning and Budget, Alhaji Musa Shanono, he said the event was significant to his administration, adding that effective revenue management remained the engine room of governance.
Yusuf said the state government’s programmes and projects across the state would not have been possible without the commitment and efficiency of revenue-generating institutions.
The Governor expressed appreciation for the progress recorded by KIRS under the leadership of Dr Zaid Abubakar, describing it as a model of innovation and transparency in public finance administration.
He stated that the enactment of the 2025 Nigerian Tax Laws marked a new chapter in the nation’s fiscal history, creating opportunities to build a fair, transparent, and digitally driven tax system.
Yusuf said, “This new framework compels us to think more strategically, collaborate more effectively and act more decisively.
“We must expand our fiscal frontiers beyond traditional boundaries and harness the vast potential that lies within our informal economy, SMEs, and the growing digital ecosystem.”
The governor explained that since assuming office in May 2023, his administration had embarked on a vision to build a self-reliant, digitally enabled, and revenue-resilient Kano State.
He said the transformation of the revenue system was made possible through partnerships, reforms, and institutional strengthening of the Kano State Internal Revenue Service.
“According to the latest National Bureau of Statistics (NBS) report, Kano State recorded a 100 per cent increase in Internally Generated Revenue within one year, ranking it among the top-performing states in the country,”
Yusuf said.
The governor also emphasised the importance of integrity and accountability in public service.
He added: “Integrity is fundamental in whatever we do. When it is missing, energy and intelligence are wasted.
$That is what Kano State has enjoyed integrity in governance and public service.”
Earlier, the Chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, said the agency remained committed to implementing far-reaching tax reforms and digital transformation aimed at strengthening Nigeria’s fiscal system.
Represented by the Secretary, Joint Tax Board (JTB), Mr Adesokan Olusegun, Adedeji said the conference provided a vital platform for engaging stakeholders.
According to him, it will do provide an ample opportunity to conduct technical reviews of the newly enacted tax laws to ensure smooth transition and implementation across all tiers of government.
“This forum represents a milestone in our collective journey towards building a transparent, technology-driven, and fair tax administration system,” he said.
Also speaking , the Chairman, Kano State Internal Revenue Service (KIRS), Dr Zaid Abubakar, urged state revenue agencies to adopt digital transformation and institutional reforms in line with Nigeria’s evolving tax system.
He said the 2025 reforms required precision, digital competence and bold leadership to enhance efficiency and service delivery, adding that the era of guesswork in tax administration is over.
The KIRS boss urged the participants to use the forum to exchange ideas and strengthen collaboration for a more efficient and taxpayer-friendly system.
About The Author
KIRS
The Executive Chairman of the Kano Internal Revenue Service (KIRS), Dr Zaid Abubakar, says the agency is targeting higher revenue generation through improved customer relations and service delivery.
Abubakar stated this in Kano on Friday during activities marking the 2025 Customer Service Week, which focused on promoting stronger engagement between the service and taxpayers.
Represented by Executive Director Support Services Group, Mr Hamisu Garko, said the agency’s reforms were designed to make taxpayers the centre of its operations, adding that effective communication and quality service remained critical to enhancing voluntary compliance.
“Our taxpayers are at the heart of what we do. We have continued to reform our processes to make revenue collection more transparent, efficient, and customer-friendly,” he said.
According to him, KIRS has introduced new strategies to strengthen the relationship between staff and taxpayers, including capacity-building programmes and regular stakeholder meetings.
“We are training our staff to better understand how to relate with customers because they are the backbone of our operations. Without taxpayers, there will be no service,” he added.
Abubakar said the agency had set ambitious targets for the year, focusing on doubling its revenue generation compared to the previous year through innovation, digitalisation, and enhanced public trust.
“Our goal is to improve our revenue performance by deepening engagement and encouraging voluntary compliance among taxpayers,” he said.
The chairman commended taxpayers for their cooperation and urged them to continue supporting government’s efforts to improve service delivery across the state.
“We will continue to build a system that prioritises transparency, accountability, and customer satisfaction,” he said.
Earlier, the Director General of Kano State Signage and
Advertisement Agency, Kabir Dakata commended the state government for its prudent management of resources and the ongoing infrastructural transformation across the state.
He said the remarkable progress recorded in the state’s infrastructural development was made possible by the efficient revenue generation system and the transparent use of funds by the administration of Gov. Abba Kabir Yusuf.
“We are witnessing a great transformation in infrastructure, and this would not have been possible without your collective effort,”he explained.
A taxpayer, Mr. Samson Joshua, has urged the Kano State Internal Revenue Service (KIRS) to simplify its payment processes by fully digitising the system to enable residents to make payments conveniently from their homes or offices.
He said that adopting a fully digital platform would not only ease the stress taxpayers experience at physical offices but also improve transparency and accountability in the revenue system.
About The Author
FG to provide starter packs for TVET graduates — Minister
NPFL fines Katsina Utd N9m, orders closed-door matches over crowd violence
Northern Revenue Conference: Gov. Yusuf tasks Northern states on collaborative tax reforms
JUST IN: FG Declares Sallah Public Holiday
Refinery: NNPC Ltd Targets Sustained Production with New Maintenance & Compliance Measures
Choose dialogue over protest, Kano groups urge youths
-
General2 years ago
JUST IN: FG Declares Sallah Public Holiday
-
Economy1 year agoRefinery: NNPC Ltd Targets Sustained Production with New Maintenance & Compliance Measures
-
News1 year agoChoose dialogue over protest, Kano groups urge youths
-
Agriculture7 months agoNew HJRBDA boss outlines ambitious agenda for agricultural growth, youth empowerment
-
Agriculture10 months agoFG trains laboratory technicians , technologists on soil health card scheme
-
General1 year agoActionAid urges youths to harness digital technologies for development
-
Security7 months agoTroops arrest 55-year-old suspected kidnapper in Kano, recover arms
-
Entertainment2 years agoPopular actor, Ali Nuhu appointed as MD Film Corporation