I am thrilled to share that today Makeba has entered into an MOU with the Nigerian State of Kaduna, a state with a population of six million, to establish a collaboration by which Makeba services will be utilized by the State of Kaduna for tax collection and by Kaduna's businesses and citizens as a financial inclusion tool and solution to enter the digital economy, particularly via peer to peer transfers, mobile payments and point of sale service for merchants.
This represents an exciting entry into the Nigerian market, per our business plan, with high-risk control, to lay the foundation for a country-wide offering. This relationship follows on the success of the collaboration with the Cape Verdean government, where Makeba has been rolled out for payroll and tax payments and also the disbursement of pension funds as a measure to implement the digitization of government programs, a very important strategy in the control of the spread of COVID-19 with vulnerable populations.
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