Tuesday, 7 July 2015

CENTRAL BANK TO IMPROVE ON FINANCIAL INCLUSION OF NIGERIANS BY 2020



 

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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