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KMC-Kayi Microfinance Bank Opens Headquarters In Kano

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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.

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Katsina Statistician General donates N20m to students, Islamic preachers

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The Katsina State Statistician-General, Prof. Saifullahi Sani, has disbursed more than N20 million to students, Islamic preachers, and women groups in Matazu Local Government Area of the state.

Speaking during the event on Monday in Matazu, Sani said the gesture was part of his personal contribution toward supporting people in his constituency and improving their livelihood.

He explained that the assistance to more than 2,000 people was aimed at empowering the beneficiaries and easing economic hardship among vulnerable groups in the area.

According to the statistician-general, more than 114 students currently in second-class upper division across the local government area will receive N100,000 each as scholarships.

“The support will also be extended to members of the Gwagware Foundation media team, members of the All Progressives Congress (APC), as well as other vulnerable individuals within the community,” he said.

Sani called on the beneficiaries to make good use of the funds, assuring them of his continued commitment to supporting the less privileged and promoting initiatives that would enhance the development of the area.

He also commended Gov. Dikko Radda for encouraging individuals and organisations to support the poor and contribute to community development.

Earlier, the APC Chairman in Matazu local government area, Mansur Aliyu, noted that the financial assistance would enable beneficiaries to establish small-scale businesses and become self-reliant.

He further urged wealthy individuals and elected representatives from the area to support poor families financially and contribute toward the rapid development of the community.

One of the beneficiaries, Samaila Sani, commended Sani for the gesture and assured that the funds would be used judiciously.

Similarly, Hadiza Maikudi, who spoke on behalf of women organisations in the area, said the support would go a long way in alleviating the suffering of many women and their families.

NAN

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NEPC urges miners to shift from raw exports to value-added gems

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The Nigerian Export Promotion Council (NEPC) has launched a pivotal workshop aimed at enhancing the export competitiveness of Nigeria’s gemstone sector.

Speaking at the workshop on Tuesday in Kano, the Executive Director of NEPC, Mrs. Nonye Ayeni, emphasized the importance of transforming Nigeria’s gemstone industry.

“Countries that dominate the gemstone export market do so not because they mine the most, but because they add the most value,” she said,

Represented by the regional coordinator of the agency, Hajiya Amina Abdulmalik, stressed that gemstones in their raw form do not yield the same economic potential as polished, value-added products.

“Nigeria, blessed with a wealth of gemstones such as sapphire, tourmaline, emerald, topaz, garnet, and amethyst, boasts substantial deposits across various states, including Kano and its neighboring regions,” she explained.

Ayeni pointed out that a significant proportion of the country’s gemstones were exported in their rough, unprocessed state, limiting both foreign exchange earnings and job creation.

According to her, the practice, results in other countries capturing the economic value through processing and finishing.

She stressed that the workshop aligns with the NEPC’s strategic campaign, #DoubleYourExports, which calls for a transition from raw mineral exports to processed, certified, and globally competitive finished products.

“This is not just a technical exercise, but an economic strategy to elevate Nigeria’s position in the global gemstone market,” Ayeni said.

Ayeni also highlighted the importance of organized clusters and collaboration between miners, processors, exporters, and financial institutions.

“When miners operate informally and individually, value is lost. But when they work within organized clusters, skills improve, costs reduce, and standards strengthen,” she added.

The NEPC boss also affirmed the Council’s commitment to providing continuous support to the gemstone sector.

Hajiya Amina Abdulmalik, NEPC North-West Regional Coordinator, called for the transformation of Nigeria’s gemstone value chain to meet international standards.

She stressed the importance of miners and artisans acquiring skills to produce high-quality, market-ready gemstones.

Abdulmalik highlighted that the workshop supports NEPC’s mandate to promote non-oil exports and create sustainable livelihoods through value addition.

She said that the training would cover quality management, export documentation, and market access strategies to enhance global competitiveness.

Speaking also, Alhaji Hamza Safiyanu, Commissioner for the Ministry of Solid Minerals and Natural Resources, outlined key strategies for advancing the sector.

He stressed the ministry’s progress through data collection, stakeholder engagement, and policy development.

“We are now focusing on providing artisans miners with opportunities to market their products, a major achievement in our efforts,” he said,

Safiyanu emphasized the need for miners to understand global markets and their sector’s potential.

Speaking also, Alhaji Hamza Safiyanu, Commissioner for the Ministry of Solid Minerals and Natural Resources, outlined key strategies for achieving the sector’s goals.

According to him, the ministry has made significant progress through concerted efforts, including data collection and stakeholder engagement.

He highlighted the importance of policy development and collaborations in advancing the sector.

“We have moved to the next phase of development by involving miners, particularly artisanal miners.

“Our focus is now on creating opportunities for them to market their mined products. This marks a major achievement in our efforts,” he explained.

The commissioner also emphasized the need for artisanal miners to better understand global markets and the potential within their sector.

 

 

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Northern Revenue Conference:  Gov. Yusuf tasks Northern states on collaborative tax reforms

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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

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