Tag: National Financial Inclusion Strategy
The Central Bank of Nigeria (CBN) has set new targets for Nigeria's Microfinance banks in its revised National Financial Inclusion Strategy. With a target of 774 new bank accounts per year in view, the CBN wants each branch of every Microfinance bank to acquire 64 new customers per month. Rogers Nwoke, President of the National Association of Microfinance Banks joins CNBC Africa for more.
In its recently revised National Financial Inclusion strategy, the Central Bank of Nigeria says its major focus is to reduce the proportion of adult Nigerians that are financially excluded to 20 per cent by 2020 from it baseline figure of 46.3 per cent in 2010. Chidinma Lawanson, Financial Services Consultant at IFC joins CNBC Africa to discuss how this revised strategy is likely to impact Nigeria’s financial inclusion drive.
The Central Bank of Nigeria says the country is not on track to meet the 2020 targets of an 80 percent financial inclusion rate for the adult population set out in the National Financial Inclusion strategy in 2012. Lehle Balde, Financial Inclusion Advocate at Businessday joins CNBC Africa to discuss how the country can tweak its strategy to improve the number of financially served adults.
Can Nigeria achieve financial inclusion within the next few years?
CBN targets to reduce financial exclusion to 20% by 2020