National Financial inclusion stakeholders in Nigeria, led by the Central Bank of Nigeria (CBN) will this Thursday and Friday gather for the launch of key policy documents aimed at facilitating the attainment of the financial inclusion target of 80 per cent by 2020.

The event would hold in Abuja.

Policy documents to be unveiled at the conference expected to attract over 400 delegates are the Revised National Financial Inclusion Strategy (NFIS 2.0); the Financial Literacy Framework; the Consumer Protection Framework and the Consumer Education framework.


According to details obtained from the CBN, the conference also aims to ensure that new comers into the financial inclusion bracket are adequately protected and educated in line with the provisions of the policy documents.

Other objectives of the two-day conference to be declared open by the CBN Governor, Mr. Godwin Emefiele, are to update participants on the growing sophistication of the financial market, the competitive environment in which financial services providers operate, and the benefit and value of providing access to financial services among others.

While hoping to enhance consumer confidence and trust in the financial services to facilitate progress towards achieving 80 per cent financial inclusion target by 2020, the CBN and other stakeholders also seek to obtain customer feedback on how best to implement the financial inclusion policies.

Latest figures released by Enhancing Financial Innovation and Access (EFInA) indicate that 36.6 million Nigerian adults, representing about 36.8 per cent of the Nigerian adult population, do not have access to formal financial Services.

To achieve its financial inclusion target, Nigeria, through the National Financial Inclusion stakeholders, seeks to cut the exclusion rate down to 20 per cent by the year 2020, hence various public and private organisations under the auspices of National Financial inclusion stakeholders have been working assiduously since the launch of the first National Financial Inclusion Strategy in 2012 to achieve the objective of 80 per cent inclusion by 2020.

https://www.thisdaylive.com/index.php/2019/01/15/cbn-moves-to-boost-financial-inclusion/?amp

Will it drop dollar exchange rate to 190?

Noted

FTC straight gbam

Vv

It is not yet financial inclusion until the services provided are free of illegal charges.

can someone explain better

Oma307:
can someone explain better

Financial inclusion entails bringing into financial scheme people who do not have access to it. This include
People without bank accounts
People whose place of residence is far from any kind of formal financial services.
And by financial services, I mean having access to banking services either through the DMB(deposits money banks) or through mobile money operators.
It is believed that all the total bank accounts in Nigeria amounts to about 40million(some people own more than 1)
While the numbers of adults in Nigeria is well over 90 million.
So a greater percentage of this adults are not in the formal financial scheme hence the term financial inclusion.
This is a serious concern to both The Nigerian government and international bodies as it makes it difficult to effectively calculate the total float in the economy and a major hindrance to the cashless economy policy. We also have bodies like Efina. (Empowering financial inclusion in Africa) who also seek to improve financial inclusion by carrying out accurate research and giving grants to financial institutions to help propagate financial inclusion.
You must have head about diamond yellow accounts and Mobile micro finance. These are all attempt to improve financial inclusion.
Hope you find this helpful

Under 3 months, I will implement a fully functional financial inclusion scheme. But lemme keep that to me.

ellalina:

Financial inclusion entails bringing into financial scheme people who do not have access to it. This include
People without bank accounts
People whose place of residence is far from any kind of formal financial services.
And by financial services, I mean having access to banking services either through the DMB(deposits money banks) or through mobile money operators.
It is believed that all the total bank accounts in Nigeria amounts to about 40million(some people own more than 1)
While the numbers of adults in Nigeria is well over 90 million.
So a greater percentage of this adults are not in the formal financial scheme hence the term financial inclusion.
This is a serious concern to both The Nigerian government and international bodies as it makes it difficult to effectively calculate the total float in the economy and a major hindrance to the cashless economy policy. We also have bodies like Efina. (Empowering financial inclusion in Africa) who also seek to improve financial inclusion by carrying out accurate research and giving grants to financial institutions to help propagate financial inclusion.
You must have head about diamond yellow accounts and Mobile micro finance. These are all attempt to improve financial inclusion.
Hope you find this helpful

Very apt

They're looking for ways to run with poor masses morning

Very good.

Beautiful move. I hope the effect will be felt in the economy

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