The Central Bank of Nigeria says it will ensure
that by year 2020 over 80% of Nigerians will have access to financial services.
This was disclosed by the Director Banking and
Payment systems of the CBN, Dr. Dipo Fatokun, who was represented by a deputy
director Mr. Musa Jimoh, at the master class on Mobile Money, organized by
Section on Business Law Committee of the NBA in Abuja.
Dr Fatokun said that in the apex bank’s efforts to
ensure that Nigerians at the grassroot have access to financial basic services,
necessitated the licensing of over 23 mobile money operators across the
federation.
He assured Nigerians that the CBN is working closely with
regulatory agencies and telcos to resolve challenges involved in the offering
of Mobile Money services in the country.
Over Seven Hundred Billion Naira worth of
transaction has been carried out via mobile phones since the introduction of
mobile financial services in Nigeria.
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