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.

CT Ayeni     Mamman Saba Jibril     Smart School     Ogbondoroko     Kuliyan Geri     Agor Market     Facemasks     Abdulrazaq Aiyelabegan     Overland     Bamidele Adegoke     Kayode Ogunlowo     Mutawalle     Kwara State Polytechnic     Kale Kawu     Kwara     John Dara     Bamidele Aluko     Minimum Wage     Budo-Egba     Gobir Organization Foundation     Babaita     Neuropsychiatric Hospital     IPSAS     Mustapha Akanbi     ER-KANG Mining     Yusuf Amuda Aluko     Patigi Regatta     Grillo     Shehu Alimi Foundation For Peace And Development     Salihu Yahaya     Arinola Fatimoh Lawal     Mumeen Lah     MAI Akande     Christian Association Of Nigeria     Ahmed Bolaji Nagode     Makama Of Kaiama     Isaac Aderemi Kolawole     Femi Ogunsola     Okiki     Kale Belgore     Oro Grammar School     Ekiti     AbdulGaniyu Kareem     Bolaji Gambari     V.O. Abioye     KWACOBPA     Prince Bola Ajibola     Olokoba Sulyman     Oke-Ero     Popo-Igbonna     Damilola Yusuf     Modibbo Kawu     Innocent Okoye     Kwara State Council Of Chiefs     Titus Suberu-Ajibola     Alfa Yahaya Road     Olubukola Kifayat Adedeji     Amuda Aluko     Hassan A. Saliu     Malete     Deji Ajani     Abdulazeez Arowona     Saheed Akinwumi     Saadu Yusuf     Dauda Adeniran Adeshola     Hijaab     Chief Imam Of Lafiagi     SAPZ Project     Oladimeji Thompson     Ajike People Support Centre     Suleiman Idris     Akanji     Unilorin     Yahaya Muhammad     Adijat Adebiyi     Yemi Osinbajo     Rueben Parejo    

Cloud Tag: What's trending

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

Bashiru Makama     Saba Mamman Daniel     Yomi Adeboye     Mohammed Ibrahim     Kolade Solagberu     Elerinjare     Ayobami Akanbi     Minimum Wage     Yunus Oniboki     Offa     N-Power     Abdulbaqi Jimoh     Moshood Kashimawo Abiola     Gambari     National Association Of Nigerian Students     Abdulkadir Akanbi-Oke     Afonja Descendants Union     Lithium     Dauda Adesola     Umar Bayo Abdulwahab     2023 Elections     United Nigeria Congress Party     Jaigbade Alao     Kumbi Titilope     Solomon Edoja     Oni Adebayo     Agboola Babatunde     Taofik Abdulkareem     Raliat Islamic Foundation     Kolo     Abdullahi Dasilva Yussuf     Donatus Ejidike     Oniyangi     Wahab Femi Agbaje     Abdulrahman Abdulrazak     Aliyu Muyideen     Isaac Gbenle     ER-KANG Mining     Ganmo Power Sub-Station     Kumbi Titiloye     Ayeyemi Sulaiman     Muhammad-Mustapha Suleiman     Balogin Alanamu     Alagbado     Saliu Alamoyo     Ita-Ore     Government High School Adeta     Olaiya Victor Mobolaji     Ramadan     Share-Tsaragi     Alabere     Chief Of Staff     Wahab Abayawo     Gobir Organization Foundation     Idofin     Adewuyi Funmilayo     Abubakar Abdulraheem     Bluenile Associates     Usman Alkali Baba     Christopher Odetunde     Ilorin West/Asa Federal Constituency     Ogbondoroko     Offa Metropolitan Club     Jeunkunu-Malete-Bani     Bello Oyedepo     Yusuf Zulu-Gambari     Kulende-UITH     Durosinlohun Kawu     Sheriff Olanrewaju     Lawal Jimoh     Ashiru     Mohammed Halidu     Tunji Arosanyin     School Of Nursing     HYPPADEC     Majlis For Sadaqah, Zakat And Waqf     Olaiya Lawal