Norrenberger launches N5bn investment to boost financial inclusion in Kano

A leading financial solutions firm, Norrenberger, has raised concerns over the low level of financial inclusion in Kano State, revealing that more than 60 per cent of the population lacks access to formal financial services and investment advisory.

The firm made this known during the commissioning of its new ultra-modern regional office in Kano, where it announced a N5 billion investment to drive financial inclusion and create jobs across the region.

Group Managing Director, Anthony Edeh, described Kano as a vital economic and political hub with a population of over 20 million, stressing that no serious investor can afford to overlook its potential.

“Kano is a historic city with immense economic significance.

“Our decision to expand here is driven by a firm commitment to promoting financial inclusion and generating employment,” Edeh stated.

According to him, the company has already employed 250 people in its Kano office across various business segments, including insurance, pensions, and asset management. Plans are also underway to engage an additional 1,500 people through the company’s agri-business and financial services network.

Edeh further disclosed that Norrenberger had secured Federal Government approval to cultivate 1,000 hectares of arable land in Kano, aiming to boost food security and rural employment.

“Our total investment in Kano exceeds N5 billion.

“This new office is not just a physical presence—it’s a strong signal of our belief in the economic future of Kano and the entire northern region,” he said.

Also speaking at the event, Managing Director of Norrenberger Asset Management, Pabina Yinkere, emphasized the urgent need to close the financial access gap in the state.

“Currently, only about 40 percent of Kano’s population has access to financial services or professional advisory.

“That leaves a large portion of the population financially underserved,” Yinkere said.

He described Norrenberger’s entry into Kano as part of a broader social impact strategy to democratize access to finance and empower individuals to build sustainable wealth.

“Kano is a major commercial, agricultural, and industrial center. You cannot claim to be a national player in finance without a presence here,” he added.

“We’re bringing simplified and practical financial solutions tailored to meet the everyday needs of the people.”

Yinkere also highlighted Norrenberger’s recent recognition as one of Nigeria’s top 10 fund managers in 2024, saying the firm plans to leverage its performance to introduce innovative products to northern markets.