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.

Mustapha AbdulGaniyu     David Oyedepo     Tinubu Legacy Forum     Lai Mohammed     Ophthalmological Society Of Nigeria     Doyin Group     Yakubu Danladi     Elesie Of Esie     Monsurat Omotosho     Sobi FM     Olayinka Jelili Yusuf     Olatunji Abdulmumeen     Kwara State Internal Revenue Service     Tescom.kwarastate.gov.ng     Sarakite     Mohammed Ghali Alaaya     Taofik Mustapha     Earlyon Technologies     Galadiman Ngeri     Otoge     Olayinka Olaogun     Jalala     Abdul-Rahoof Bello     Aisha Ahman-Pategi     National Broadcasting Commission     Okanlawon Musa     Fatimat Saliu     Abdulrosheed Okiki     Dan Masanin     David Oyepinola Adedumoye     Dogara     Lanre Jimoh     Yahaya Dumoye     Split Diamond Interchange     Prince Mahe Abdulkadir     Musa Alhassan Buge     Omu Aran     Trade Lenda SME Fair     Alfa Belgore     Mohammed Katsina Ahmed     Pakata Development Association     Makama Of Kaiama     Azeez Bello     Kwara State Sports Commission     Durbar Festival     Tafida     Babaita     Prince Bola Ajibola     Irepodun     Isaac Aderemi Kolawole     Musbau A. Akanji     Col. Taiwo     Obasanjo     Kola Olota     Saadatu Modibbo-Kawu     Yakub Ali-Agan     Lanre Aremu     Volunteers Of Ilorin Community And The Emirate     PAACO-PCL Consortium     Aisha Buhari     Harafat E. Mukadam     Lithium Deposit     Oladimeji Thompson     General Hospital     Bamidele Adegoke     Association Of Kwara State Online Media Practitioners     Popo-Igbonna     Olatunde Olukoya     Oba-Solagberu     Ahmad Olanrewaju Belgore     Nigeria Governors\' Forum     Ibrahim Issa Jetti     Rasaq Jimoh     Yahaya Muhammad     Kayode Issa     Old Oyo     Chikanda    

Cloud Tag: What's trending

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

Al-Ilory     General Tunde Idiagbon International Airport Ilorin     Orisun Igbomina     ER-KANG Mining     Mumini Ishola Hanafi     Ajikobi     Saka Onimago     Yusuf AbdulRasheed     Muritala Awodun     Femi Oladiji     Bayo Ojo     Ayinde Oyepitan     Muslim Cementary     Owode Market     Hassan Taiye Salam     MAI Akande     Abdulquowiyu Olododo     Lanre Olosunde     Abdulrazaq Akorede     Kayode Zubair     Ilorin     Mutawali Of Ilorin     Ahman Pategi University     Oba Abu     Ibrahim Abikan     Apata Ajele Secondary School     Kwara Central     Kanu Agabi     Akorede     Abiodun Jacob Ajiboye     Shuaibu Yaman Abdullahi     Elesie Of Esie     Rafiu Olasile     Risikat Lawal     Stephen Fasakin     Olaiya Lawal     Abubakar Usman Jos     Bank Of Industry     Dauda Adeniran Adeshola     Ilorin Talaka Parapo     Kayode Ibrahim     Salary     Ajeigbe     Amuda Bembe     Amina El-Imam     Okin High School     Ajasse-Ipo     George Innih     Sidikat Uthman Ajibola     March 28     Voices Of Tomorrow     Ahmad Uthman     Temi Kolawole     Shola Odetundun     Salihu Ajia     Oluwarotimi Boluwatife Adenike     Valsolar-Kwara Company Limited     Saheed Popoola     Bello Abubakar     Association Of Kwara State Online Media Practitioners     Umar Gunu     Yusuf Olaolu Ali     Kola Bukoye     Aliyu Umar     Quarry Royal Valley     Esinniobiwa Quareeb     Wasiu Odewale     Aisha Abodunrin Ibrahim     Face Masks     Shehu Jimoh     Yusuf Lawal     Abdullahi Biffo     LAK Jimoh     Alao Ayotunde     Mazars Consulting     Taofik Abdulkareem     Yoonus Kola Olatinwo