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.

Abdulrasheed Lafia     Adesina Simon Sodiya     Elerin Of Erin-Ile     Sam Okaula     Dan Masanin     Kunle Suleiman     Abdulrazak Shehu Akorede     Taofik Abdulkareem     Opaleke Bukola Iyabo     Dauda Adesola     IQRA College     Ahmad Olayiwola Kamaldeen     Muyideen Ajani Bello     Mahmud Durosinlohun Atiku     Yusuf Ali     Chief Imam Of Ilorin     Yahaya Jibril Usman     Majlis For Sadakah, Zakat And Waqf     General Tunde Idiagbon International Airport     Fareedah Dankaka     Elerin Of Adanla Irese     Sodiya     Dar-Al-Handasah Consultants     Olayinka Jelili Yusuf     Minimum Wage     March 18     Amuda Bembe     Saheed Popoola     Jalala     Abdulganiyu Oladosu     Diagnostic Centre     Ibrahim Akaje     Danhawa     Mohammed Yahaya Barki     Cassava Growers\' Association     Dele Belgore     Dumagi     Amada Jidda     SUBEB     Agboola Babatunde     Ayo Opadokun     Tunji Oyawoye     Abdulsalam Firdaous Amosa     Asa     Folajimi Aleshinloye     Alore     Ahmed Bolaji Nagode     Mazars Consulting     Taofeek Ibraheem     Jimoh Lambe Abdulkareem     Barakat Community Secondary School     Olukotun Of Ikotun     Abdulmutalib Shittu     Sulu Gambari     CACOVID Palliatives     Jide Oyinloye     Isaac Aderemi Kolawole     A.O. Belgore     Afonja Descendants Union     Michael Nzwekwe     Idris Amosa Oladipo Saidu     Kawu Baraje     Sola Saraki University     Haashim Initiative For Community Advancement     Hamza Usman     Maimunat Oloriegbe     Kayode Ogunlowo     Ishola Balogun Fulani     Convocation Ceremonies     Oniwasi Agbaye     Ministry Of Women Affairs And Social Development     Mike Omotosho     Habeeb Saidu     Mohammed Ghali Alaaya     Muhammed Mahe Abdulkadir     Olaoye B. Felix     Tafida    

Cloud Tag: What's trending

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

Ronke Adeyemi     Issa Oloruntogun     Ilorin Emirate Staff Association     Hassan Saliu     Ilorin Water Reticulation     Kazeem Gbolagade     Yekini Adio     Durbar     Joseph Offorjama     All Confederation Of Principals Of Secondary Schools     Yunus Oniboki     Okanlawon Musa     Budo Egba     Economic And Financial Crimes Commission     Iyabo Adewuyi     Dumagi     Musibau Akanji     Hauwa Nuru     Olaoye B. Felix     Awodun     Mufutau Gbadamosi Esuwoye     Alabi Olayemi Abdulrazak     Hassanat Bello     Isiaka Alikinla     Muhammed Danjuma     Nupe     Henry Makinwa     Kwara State Fire Service     Khairat Gwadabe     Mopelola Abdulmaliq-Bashir     Odolaye Aremu     Bankole Omishore     Dele Momodu     David Oyepinola Adedumoye     Mahmud Ajeigbe     Laduba     Fatai Garuba Labaka     Daud Adeshola     Solomon Edoja     David Oyerinola Adedunmoye     Kola Adesina     Rabiu Kwankwaso     Y.A. Abdulkareem     Hydro-electric Power Producing Areas Development Commission     Abdulrazaq Sanni     Owode Market     Ilesha-Baruba     Kale Ayo     Olufolake Abdulrazaq     Lai Gobir     Muyideen Ajani Bello     LEAH Charity Foundation     Borgu     Al-Hikmah University     Ike Ekweremadu     Aliyu Muhammad Saifudeen     Temitope Ogunbanke     IQRA College     Ilorin Muslim Community     Ubandawaki     IHS Towers     Rebecca Bake     Roheemat Hammed     Mohammed Ghali Alaaya     Rafiu Ajakaye     Saeedat Aliyu     Afusat Nike Ibrahim     Abdullahi Saadudeen Alikinla     Bola Olukoju     Moji Makanjuola     Aliyu Muyideen     Bola Magaji     Adam Abdullahi Al-Ilory     Nurudeen Muhammed     Babatunde Idiagbon     Risikat Lawal     Kwara State Governor