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.

Ganiyu Abolarin     Nurudeen Mohammed     Folashade Omoniyi     Kwara State Geographic Information Service     Segun Ogunsola     Firdaos Amasa     Abdulganiyu Oladosu     Saka Keji     Jimba Babatunde     Haashim Initiative For Community Advancement     Saliu Oluwole     Oniyangi     Christopher Odetunde     Abdul Jimoh Mohammed     Saliu Shola Taofeek     Moses Adekanye     Magaji Are     Garba Idris Ajia     Harrison Osauwagboe     Modupe Oluwole     Afonja Descendants Union     Habeeb Abdullahi Al-Ilory     Ibrahim Sulu Gambari     Oluranti Idowu     Toyin Saraki     Abdulazeez Uthman     Sheikh Hamzat Yusuf Ariyibi     Edu     Yusuf Babatunde Abdulwahab     Aishat Sulu-Gambari     Kwara Consultative Forum     Saka Isau     Bashir Badawi     Nigerian Medical Association     ER-KANG Mining Nigeria Company Limited     Ghali Alaaya     Oro Grammar School     Sola Saraki Educational Foundation     Segun Adeniyi     Muhammed Taofeeq Abdulrazaq     Ajikobi     Muhammad Yahya     Lanre Olosunde     Aisha Gobir     Suleiman Idris     Adesoye College     Iyabo Adisa Ibiyeye     Sambo Murtala     Micheal Imodu-Ganmo Road     Convocation Ceremonies     Special Adviser On Digital Innovation     Democracy Day     Muhammad Akande Olarewaju Odunade     Iyeru Grammar School     Abdulmajeed Abdullahi     Tanke Road     Taofeek Sanusi     Adolescent Girls Initiative For Learning And Empowerment     Adedeji Onimago     Bilikis Oladimeji     IFK     Salman Alada     Ojuekun Sarumi     Emir Of Ilorin     Manzuma     Ibrahim Taiwo     Bola Iyabo Ibiyeye Adisa     Oniwasi Agbaye     Alagbado     Afin Descendants Union Of Odo-Owa     Erubu     Balogun Ajikobi     Bursary     Isiaka AbdulRazaq     Yakubu Gobir     Buhari     Omotosho    

Cloud Tag: What's trending

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

James Kolo     Mustapha Olanipekun     Salihu Jibril Garbi     Aliyu Adebayo     Shehu Adaramaja     Onilupeju Of Ilupeju     Lukman Adeloyin     Olokoba Sulyman     Ijakadi     Roseline Oni Aremu     Wasiu Odewale     Gbemisola Saraki     Kassim Babamale     Abubakar Aliagan     Gambari     Joseph Daudu     Baboko Primary School     John Kehinde Salako     Bayo Ojo     Abdulmumini AbdulRazaq     Suleman Abubakar     Share     Oro Grammar School     Manzuma     Kubra Kazum     Patience Jonathan     Chikanda     Abdulrazaq Adebayo     Abdulrahman Abdulrasaq     Abdullahi Dasilva Yussuf     Kwara State Council Of Chiefs     Ahmed Idris Mohammed     Idris Garba     Saba Jibril     Sodiya     Moshood Bakare     Gabriel Fashanu     Yoonus Kola Olatinwo     Bola Magaji     Eghe Igbinehi     Okanlawon Musa     08001000100     Abdulsalam Firdaous Amosa     Olubukola Kifayat Adedeji     Zainab Abass     General Tunde Idiagbon International Airport     Babs Iwarere     Mohammed Saidu     Halimah Perogi     Offa Poly     Sunday Otokiti     Folaranmi Aro     Mopelola Abdulmaliq-Bashir     Mansur Alfanla     Yeketi     Abdulrahman Abdulrazaq     Olokoba Abdullahi Ayinla     Tayo Alao     Colleges Of Education Academic Staff Union     National Association Of Nigerian Students     Democracy Day     Borgu     Abdulmumin Yinka Ajia     Mahmud Ayinla Giwa     Jamiu Oyawoye     Kwara State Internal Revenue Service     Oyin-Zubair     Kale Belgore     Pius Abioje     Danhawa     Amos Justus Sayo     Popo-Igbonna     Henry Makinwa     Adekunle David Dunmade     Nigerian Army     Titus Ashaolu     Sunday Fagbemi