Delta State Governor, Dr Emmanuel Uduaghan has appealed to the central bank and other banks in the country to assist the state in its micro credit scheme so that more Deltans would be empowered through the programme.

The Governor who made the appeal at the 15th distinguished lecture of Sylvester Monye foundation at Asaba, said the micro credit scheme of his administration has recorded tremendous success but needed more funds to enable the scheme meet the target set for it.

Dr Uduaghan said the support from the banks would make more people benefit from it and thus improve the living standard of the less privileged in the society.

Asserting that Delta State Government has contributed meaningfully to the current reform going on in the banking sector, he appealed to the central bank to actualize the partnership programme worked out between some banks in the country and Delta and Lagos State.

Dr Uduaghan said some of the banks in the country were expected in the arrangement to fund some people oriented projects being executed by Lagos and Delta States.

The Governor said once the arrangement starts working, Lagos and Delta would accelerate the execution of infrastructure in both states provide more dividend of democracy to the people.

His words "we have discussed with central bank on how some banks in the country will start funding projects in Lagos and Delta State. Once this starts functioning, my state and Lagos State will accelerate the growth of infrastructure. I assure you."

The Governor used the occasion to disclose the immense success he has recorded in his three point agenda of human capital development, peace and security and infrastructural development, Stressing that the three point agenda of the State Government would build a state that would in the near future blossom without on Oil.

Dr Uduaghan explained that the economy of the state was being diversified to achieve the goal and accelerate economic growth in the state. Explaining further, he said "we are building a state that would be less dependent on Oil. We have a lot of potentials and we are tapping our resources".

He said power was central to all the programmes of the state Government and promised to do everything within his power to improve the supply of electricity in the state. In his lecture, the Governor of Central Bank Mallam sanusi Lamido said the reforms in the banking sector were introduced to protect, deposit and build customers confidence.

Mallam Sanusi said the reforms were already achieving the objectives, just as he disclosed that the new system would guarantee lending to small and medium scale business organizations. The Governor of Anambra State Dr Peter Obi in his remarks blamed the central Bank for all the problems in the banking sector.

Dr Obi said the Central Bank could not absolve itself from blame even as he warned that the problem in the banking sector would not abate unless stakeholders reduce their greed. He also said the present reforms would only succeed when stakeholders reduce extravagance.

The Governor however called on banks in the country to design a loan scheme that would promote agriculture so that the Country’s GDP would rise. Speaking during the ceremony, the Managing Director BGL plc Mr Albert Okumagba called on the central bank to bring more African Countries to invest in the country.

Mr Okumagba said the capital market was central to development in the country adding that without capital market there would be no development in the Country. He therefore called on Nigerians to contribute meaningfully to the success of the capital market to enable it thrive and move the nation forward.

A former head of State during the interim national Government Chief Ernnest Shonekon in his remarks commended Delta State Governor for the massive infrastructural development in the state.

Chief Shonekon who was the chairman of the occasion said he was impressed by the giant stride of Dr. Uduaghan even as he explained that the projects executed have transformed the face of the state.
He also commended Mr. Sylvester Monye for establishing the foundation stressing that knowledge would add value to the nation’s economic development.