Financial sector players say efforts should be stepped up to make more Nigerians financially included. They were speaking on the sidelines of a forum on mobile money operations.
Correspondent Lara Omonijo reports that aata from the country’s statistical authorities shows that two thirds of the Nigerian population has never been involved in banking transactions.
A move that led to the launch of the Central Bank of Nigeria’s financial inclusion strategy, an initiative to help draw the country’s financially excluded population to financial services.
This forum feels a growth in the country’s financial inclusion status is critical to economic development and calls for greater collaboration.
The country’s professional bodies association seeks more support for the Central Bank of Nigeria from relevant parties to getting the bulk of the Nigerian population financiallt included.
Over forty six percent of Nigerians are financially excluded, this is because they lack access to a broad range of formal financial services.
Data from the Central Bank of Nigeria shows that most of these people are women and young adults below forty five years.
