Jaiz Bank's Financing Portfolio Reaches Nearly N800bn

Jaiz Bank (NGX: JAIZBANK)'s overall financing portfolio has approached N800bn, with more than N100bn dedicated to supporting trade in cocoa, cashew, and other non-oil export products, as stated by Managing Director Dr Haruna Musa. Speaking at the 32nd Nigeria Economic Summit (NES32) in Abuja, Musa highlighted the necessity for increased financing for exporters, manufacturers, and micro, small, and medium-sized enterprises (MSMEs) to enhance production, create jobs, and stimulate economic growth.

He advocated for banks to customize financing structures based on the operations and cash flows of businesses. Musa also pointed out the importance of financing for agriculture and manufacturing, suggesting that support should encompass all stages of the value chain.

He identified solar energy as a critical area for financing, proposing that assistance should extend beyond just installing solar systems. Additionally, he called for improved access to non-interest finance for women, youth, and rural communities, emphasizing the role of digital platforms in expanding banking access.