Gov Ahmed wants MFBs strengthened by CBN

Date: 2017-05-18

The Kwara State Governor, Alhaji Abdulfatah Ahmed has called on the Central Bank of Nigeria to strengthen Micro Financial Banks across the country to improve on their compliance level

He also charged the apex bank to ensure financial intermediation for people at rural environment.

Governor Ahmed made the call today when he received the Central Bank of Nigeria (CBN) team on Nigeria Financial Inclusion Strategy led by the Bank's Controller in Kwara State, Mr. Ekanem Akpan at the Government House, Ilorin.

He urged financial institutions to develop products that are in consonance with dynamics of businesses and derisk some areas for financial intermediation. According to him, developing better products, responses, flexible access and de-risking businesses will improve financial services through inclusion. Governor Ahmed explained that his government had already imbibed proactive measures to broaden people's inclusion in the banking web.

He noted that the state had strengthened its internally generated revenues collection processes by ensuring that revenues were collected electronically while the Micro Small and Medium Enterprises scheme is driven through Micro Finance Banks to improve inclusive banking in the state.

Also speaking, the Kwara State Controller of CBN, Mr. Ekanem Akpan, explained that the Nigeria Financial Inclusion Strategy is one of the CBN's policies to extend financial services to unbanked citizens across the country.

Giving the analysis on Kwara State status on Nigeria Financial Inclusion Strategy, the Head of Financial Inclusion Desk, Mrs. Temitope Fadeyi disclosed that Kwara State had made significant progress in exclusion by twenty-six percent as at December, twenty-sixteen and hoped that the state's exclusion would be brought down to twenty percent soon.

Fadeyi noted that inclusive banking would guarantee support for economic opportunities, enhances access to finances, boosts productivity and improves citizens' capacity to contribute to the state economic growth.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Zulu Gambari     Christian Association Of Nigeria     Olusin Of Ijara Isin     Ilorin West/Asa Federal Constituency     Niyi Ogundiran     Isaac Aderemi Kolawole     Suleiman Rotimi Iliasu     MalHub     Bashir Badawi     United Nigeria Airline     Read With Me     Sheikh Ridhwanullah     Joseph Bamigboye     Kwara Restoration Project     Stephen Fasakin     Yunus Oniboki     Valsolar-Kwara Company Limited     Usman Alkali Baba     Kwara State Pension Board     Garba Ayodele Wahab     Abdullahi AbdulMajeed     Isiaka Gold     Apata Ajele Secondary School     Hassanat Bello     Abdulsalam A. Yusuf     Bolaji Gambari     Quarry Royal Valley     Offa Metropolitan Club     Towobola Abdulrahman Toyin     Babatunde Ajeigbe     Ojo Fadumila     Samuel Adedoyin     Abdulwasiu Bolaji Adeyi     Olusola Saraki     Ahman Pategi University     Nnazua     NIRSAL     Majlis For Sadaqah, Zakat And Waqf     Shehu Salau     Atiku     Oyelere Oyinloye     Pakata Development Association     Mohammed Yisa     Saad Omo Iya     Sa\'adu Salau     Donatus Ejidike     Salami Adekunle     Wahab Issa     Florence Saraki     Wasiu Odewale     Rice Farmers Association Of Nigeria     Shehu Jimoh     Ademola Kiyesola     Musa Abdullahi     Taofik Abdulkareem     Abubakar Lah     Elections     Sunset Workers     Saadu Gbogbo Iwe     Bio Ibrahim     Hijaab     Oni Adebayo     Olokoba Sulyman     Special Agro-Industrial Hub     Kwara State Fire Service     Abdulrazak Shehu Akorede     Kwara     Sunday Fagbemi     Rapheal Ashaolu     Abiodun Oyedepo     Jimoh Olusola Imam     Esinrogunjo     Babata     Tsaragi/Share     Firdaos Amasa     Dorcas Afeniforo     Ayeyemi Sulaiman    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Kwara 2019     Orire     Abdulazeez Uthman     Haruna Olawale Sulaiman     Tosho Yaqub     Sunday Fagbemi     Mohammed Jimoh Faworaja     Tunji Ajanaku     Aliyu Muhammed     Ayobami Akanbi     Kayode Oyin-Zubair     Shuaib Abdulkadir     Olatunji Moronfoye     Monthly Sanitation     Bamidele Aluko     Simon Sayomi     Solomon Edoja     Undergraduate Bursary     Yusuf Abubakar     Kunle Okeowo     Muyiwa Oladipo Kanu     Mashood Dauda     Maigida Soludero Transit     Dapo Teni Nig Enterprise     Adamu Jemilat-Baki     Abraham Ojo     Hauwa Nuru     Jumoke Gafar     Abubakar Imam     Bola Tinubu     Young Progressives Party     Grillo     Kwara State Government     Just Event Online     Illyasu Abdullahi     Adamu Atta     Jaigbade Alao     Sam Onile     Oko-Erin     Yakubu Danladi     Ahmed Shuaib Buranga     Abdulahi Abubakar Bata     Gambari     Abdullah Janet Amudat     Onikijipa     Kwara North     Yunus Lawal     Arinola Fatimoh Lawal     Abdullahi G. Mohammad     Mufutau Olatinwo     Yunus Oniboki     SSUCOEN     Ishola Moses Abiodun     Salihu S. Yaru     IDPU     Muazam Nayaya     Lafiagi     Saudat Abdulbaqi     Ishola Balogun Fulani     Al-Ilory     Olukotun Of Ikotun     Muhammed Taofeeq Abdulrazaq     Isiaka Alikinla     Abdulrahman Iliasu     Muhammad Sirajo Aliyu     Yoonus Lawal     John Dara     Dauda Adeniran Adeshola     Salman Suleiman     Abdulrauf Aliyu     Ilesha-Baruba-Gwanara     Oro Grammar School Old Students Association     Jaiz Bank     Saadu Alanamu     Olokoba Abdullahi Ayinla     Park     Iyabo Dupe Adekeye