Governor Ademola Adeleke of Osun has urged Chief Executive Officers (CEOs) of commercial banks to reopen their branches in the state, because, according to him, there is “a new sheriff in town”.
Adeleke, during the commissioning of the rebuilt First Bank branch in Ede on Friday, July 14, assured financial institutions that the state is ready to grow its private sector by providing an enabling environment for businesses.
The governor disclosed that his government has revamped and reorganised the state’s security architecture to ensure the safety of major towns and villages safer for business.
“The conditions responsible for the closing of banks’ branches at Ila, Iree, Ikirun, Iwo and other areas of the state no longer exist. Osun is secured for banking operations,” Adeleke said.
“I call on top bank management to reopen their branches. Osun is under-banked, even with digital applications, physical offices are still needed in many towns.
“I recently launched a sustainable industrial policy for the state. I call on banks to partner with us for implementation. We want to grow the private sector. This is good news for financial institutions.
“We are receiving high volumes of investors’ interest to enter the Osun market. We are creating an enabling environment. Bank chiefs should join us.
“I commend First Bank for its deep partnership with Osun state. Expand your reach, our administration is prepared to deepen partnerships with financial institutions and private organisations.”
