Heritage Bank begins fresh exercise for SPW’s 774,000 participants

Heritage Bank Standard

Heritage Bank Plc is set to commence the account opening with Bank Verification Numbers (BVN) for the earmarked 774,000 participants of the Special Public Work (SPW) programme in their branches, throughout the 774 Local Government Areas.

The participants are to be paid an allowance of N20, 000 only, monthly and the programme is to kick off from November 1, 2020, while a total of 129 LGAs have been assigned to Heritage Bank Plc.

The SPW is a post-COVID-19 poverty alleviation initiative, approved by President Muhammadu Buhari and the Federal Ministry of State for Labour and Employment to implement 774,000 Jobs in all the 774 LGAs in Nigeria, for a period of three months.

As part of the modalities of the programme, the six participating banks, Heritage Bank inclusive, have been mandated to open accounts for all the beneficiaries and capture BVN.

A special feature form has also been provided by the federal government to capture participant’s Bio-data for the exercise, Heritage Bank said in a press statement available to Business Metrics on Sunday evening.

Fela Ibidapo, the divisional head, corporate communications, disclosed that Heritage bank has prepared seamless process flow for the commencement of the BVN enrolment/ account opening documentation of the assigned shortlisted beneficiaries.

He noted that for locations where the bank does not have physical presence, “the agency banking team has engaged Super Agents to cover these areas and ensure smooth on boarding in such locations.”

Ibidapo also stated that Heritage Bank would definitely adhere strictly to the beneficiary list forwarded to the Bank from the Federal Government for account opening/BVN enrolment to avoid any infractions and work according to the rules set by the government and its agency, National Directorate of Employment (NDE).

He reiterated the bank’s success stories and legacies in similar exercises sustained through various entrepreneur schemes in the support for economic growth, which had always focused on dependable job-creating sectors, such as agricultural value chain (fish farming, poultry, snail farming), cottage industry, mining and solid minerals, creative industry (tourism, arts and crafts), and Information and Communications Technology (ICT).

Recall that 1,000 participants were drawn each from the 774 local government areas in Nigeria for the Special Public Works Programme.

In response to the nature of diversity and remoteness of some participants, Festus Kenyamo, the minister of state for labour and productivity, allayed the fears of missing out from the registration by the beneficiaries, stating that it has gotten assurance from the banks that even in places where they have no physical presence or branch, registration centers would be provided; hence participants don’t need to travel far.

The minister said, ‘‘The banks assured us that even in LGAs where they don’t have branches, temporary registration centers would be opened in such LGAs so that the participants would not have to travel far to open their accounts”.

Explaining the core areas of the SPW programme, Kenyamo said, “Special Public works department is one of the four core focus of the NDE.

“It seeks to identify and optimize employment opportunities that abound in the public works sector by organizing the skilled, un-skilled and semi-skilled persons that are unemployed to carry out utility, environmental, infrastructural development and sanitation works.”