The National Hajj Commission of Nigeria (NAHCON), on Thursday signed an agreement with the Jaiz Bank Plc, for a Hajj Savings Scheme in the country.
NAHCON Executive Chairman, Alhaji Zikrullahi Hassan, said this while signing the agreement designed to fast-track the implementation of the scheme.
Hassan explained that scheme was enshrined in NAHCON Establishment Act, 2006 as a contributory payment scheme for prospective Muslim faithful wishing to undertake Holy Pilgrimage to Saudi Arabia.
Hajj Saving Scheme Agreement Signed between NAHCON and Jaiz Bank pic.twitter.com/zAOpO8c7bh
— Nigeria Hajj Commission (@nigeriahajjcom) September 10, 2020
He said that the agreement was a step towards securing the Central Bank of Nigeria (CBN)’s license for the operation of the scheme as a full-fledged model.
READ ALSO: African Country Moves To Export Electricity To Europe
He said that the scheme was expected to boost economic growth, entrench culture of savings among low income groups and lift people out of poverty.
