In a significant move toward financial reform and inclusive economic development, the Katsina State Government has initiated a new phase of engagement with commercial banks, emphasizing structured collaboration and transparency in financial operations.
This development was announced during a high-level meeting held on Tuesday at Alhujrat Hotel, Katsina. The session was convened by the Special Adviser to the Governor on Banking and Finance, Hajiya Bilkisu Sulaiman Ibrahim, and drew participation from prominent stakeholders in the banking sector.
In her address, Hajiya Bilkisu highlighted the strategic importance of the newly instituted Department of Banking and Finance. She noted that the department has been established to oversee all financial dealings involving the state, including banking transactions and investment activities, with a focus on ensuring accountability and operational efficiency.
“Our aim is to bridge the gap between the government and financial institutions,” she stated. “This department will serve as the hub for fostering transparency, building trust, and aligning financial activities with the broader goals of economic security and inclusive growth.”
She underscored the department’s commitment to four key priority areas:
- Enhancing financial literacy and promoting inclusion across rural and marginalized communities;
- Providing targeted support for Micro, Small and Medium Enterprises (MSMEs) through training and improved access to credit;
- Strengthening risk control and compliance systems within the banking ecosystem;
- Encouraging innovation through the adoption of digital financial services.
She further recommended that all future financial interactions between the state and commercial banks be channeled through the department to enhance coordination and oversight.
Speaking at the event, the Chairman of the Chartered Institute of Bankers, Katsina State Chapter, Alhaji Sani Magaji, applauded the initiative, describing it as a trailblazing step. He praised the Katsina State Government for being the first in Nigeria to establish a dedicated department to manage its relationship with the financial sector, calling it a transformative approach to economic management.
“This visionary move sets Katsina apart and lays the foundation for a modernized financial system that serves both the government and the people,” he remarked, expressing the banking community’s readiness to support the state in realizing its reform agenda.
The meeting concluded with a collective pledge to strengthen partnerships that will enhance transparency, improve service delivery, and foster sustainable economic growth across Katsina State.
Press Released Signed By Basira Abubakar
Public Relations Officer
For: Department of Banking and Finance, Katsina State
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