Union Bank of Nigeria Plc has launched a programme aimed at transforming the saving culture and build the economic power of the lowest income earners in Northern Nigeria.
The Chairman of the initiative and Head, Retail Products, Union Bank, Mr. Arasaratnam Sheahan stated that the programme was meant to help the common man save at least N1, 000 per month with the assurance of earning cash benefits from the saving every quarter.
According to him, the programme, tagged: ‘UnionKorrect-Dai-Dai’ has been designed and targeted at 30,000 people in each of the 11 states of the northern region in order to assist in addressing economic hardship especially those with low income.
He said the first phase of the programme, which would last for two years has an open period of six months from the time of official launching for beneficiaries to enrol. He revealed that not less than 900 beneficiaries were expected to receive cash benefits within the period of the programme.
Other benefitting states include Adamawa, Bauchi, Borno, Sokoto, Taraba, Jigawa, Kebbi, Katsina, Yobe and Zamfara States.
Head, Union Bank, Gombe branch, Chief Fatai Baruwa stated that the programme came at the right time when people were faced with hardship as a result of the current economic down turn.