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Central Bank Set To Achieve Financial Inclusion Plan By 2020


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The Central Bank of Nigeria has a goal to include at least 80% of Nigerian adults into the financial system before the end of the coming year. Fortunately, in a recent data released few weeks ago, the plans are going the right way.

According to a survey by the Enhancing Financial Innovation and Access (EFInA ) , over 60% of the country's adult population now has access to financial services.

Some months before now, some critical organizations in the country had committed themselves to achieving the goal by 2020 .

There are plans to produce at least 500 , 000 agent networks in various parts of Nigeria. Apart from the fact that this move will create more jobs for these agents themselves, it will also see to achieving the goal of reaching numerous people that are still unbanked.

According to a member of the Technical Committee of the Bankers Committee on SANEF initiative , the aim is to see an agent in all local councils as well as markets.

The current stats are quite encouraging. It was made known that there are currently more than 70 , 000 access points in Nigeria as well as six super agents.

The country can boast of three mobile money operators as at now and an increase number of agents.

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