Nigeria: TAJBank, NIPOST Partner for Public-Private Initiatives

TAJBank Limited and the Nigerian Postal Service (NIPOST) have established a new public-private partnership (PPP) initiative, aiming to collaborate for mutual and national socioeconomic benefits.

The formalization of the partnership between the non-interest lender and the postal services agency took place at the NIPOST Head Office in Abuja. During this meeting, both parties engaged in collaborative discussions to explore initiatives that contribute to public-private endeavors. The focus is on enhancing the nation’s financial inclusion drive and improving postal services across the country.

Speaking during the event, TAJBank’s Managing Director/CEO, Mr. Hamid Joda, thanked the Postmaster General/CEO of NIPOST, Ms. Tola Odeyemi, for the opportunity given the bank to partner the Service in the management’s efforts to work hand in hand with the firm, riding primarily on branch expansion with NIPOST offices thus expanding the innovative products and services of the non-interest lender.

He told reporters that the collaboration with NIPOST hinges on 3Rs – rent, refurbish and rebrand, while also commenting on the latest network expansion of TAJBank’s services into the Lagos axis.

“Indeed, the point here is that at TAJBank, we are about a strategy of cost-saving, in addition to leveraging our services on world-class ICT infrastructure and solutions nationwide, determined to promote inclusion at the grassroots not through POS or other channels alone but through human interface with prospective customers”, Joda assured.

The Postmaster General/CEO of NIPOST, Tola Odeyemi, praised TAJBank’s collaboration strategy, expressing optimism about the mutual benefits that would result from working together.

Odeyemi enthused: ‘TAJBank needs no introduction and as soon as I had the opportunity to be a part to this initiative, it was a resounding yes. The brand speaks for itself and is here to provide cost-efficient and interest-free banking services to everyone.”

During a brief chat with journalists at the sidelines of the event, the bank’s Executive Director, Mr. Sherif Idi, maintained that “what we are doing here today is to demonstrate to Nigerians and indeed the global community that TAJBank is fully determined to show how we intend to redefine non-interest banking services as a customer-focused lender and a collaboration with NIPOST which is a very Nigerian parastatal with history aligns with this strategy – that is ready to give all that it takes to surpass customer expectations wherever we are located.”

source: thisdaylive.com