CBN Moves To Reduce Adult Financial Exclusion, Issues Fresh Exposure Draft

The Central Bank of Nigeria (CBN) has issued a fresh exposure draft of the national financial inclusion strategy to reduce the number of adults that are still excluded financially.
In 2010, Nigeria made a commitment to reduce the adult financial exclusion rate in the country from 46.3 per cent to 20 per cent by the year 2020. In order to attain this target, the National Financial Inclusion Strategy (NFIS) was launched on October 23rd. 2012.
While some notable milestones have been achieved, overall financial exclusion rate stands at 41.6 per cent based on the biennial Access to Financial Services in Nigeria Survey (EFInA. 2016). The Central Bank of Nigeria has been working with various stakeholders to conduct a review and refresh of the Strategy. The exercise focused on evaluating progress, identifying gaps and developing a refreshed strategy document which serves as a roadmap for implementation till the terminal year 2020.
In view of the above, we hereby attach the Exposure Draft of the National Financial Inclusion Strategy Refresh for comments and observations.
Source: Proshare

Leave a Reply

Your email address will not be published. Required fields are marked *