Finance

Skye Bank gets commendation from Rivers, plans partnership with Ogun

The Rivers State Governor, Mr. Rotimi Amaechi, has commended Skye Bank Plc for the revolution it has brought about in the infrastructure, transport and revenue generation system in the state.

The governor gave the commendation in Port Harcourt, while receiving the Group Managing Director/Chief Executive Officer of the bank, Mr. Kehinde Durosinmi-Etti, who paid him a courtesy visit.

He said that the partnership with the bank in key sectors of the state’s economy had led to a major facelift in infrastructure as well an appreciable increase in the average monthly generated revenue, and asked the bank to continue the effective collaboration with the State Board of Internal Revenue Service.

In his response, the Skye Bank boss thanked the Governor for the opportunity availed the bank to enter into various Private-Public Partnership arrangements with the Rivers State Government.

He restated the bank’s commitment to providing the needed technical and financial advice that would see to further enhancement of the monthly revenues generated internally, saying that with the completion of a state- wide enumeration exercise funded by the bank, the informal sector can now be effectively captured by the state’s Board of Internal Revenue.

In a related development, the Skye Bank boss has expressed the determination of the bank to partner with the administration of Governor Ibikunle Amosun of Ogun State in executing the development programmes of the administration.

Durosinmi-Etti who stated this in Abeokuta recently during a courtesy visit to the governor, said the bank’s experience in agriculture, infrastructure and project financing over the years, had positioned it in a good stead to deliver value to the state.

In addition, he said the bank’s expertise in reforming states’ internally-generated revenue schemes has helped several states to triple their monthly revenues through efficient collections.

Responding, Governor Amosun expressed his administration’s determination to partner with the bank in the areas of urban and infrastructure development to deliver on his electoral promises to the people of the state.