By 2024, the central bank hopes to achieve 95% financial inclusion.
As a result, the Federal Government has issued five strategic policy reports with the intention of making the goal a reality.
Under the Anchor Borrowers Program, farmers have received N1.07 trillion from the CBN.This was made clear in the communiqué no. 145 that the bank issued following the Monetary Policy Committee meeting that it held in Abuja.
The following reports were released on Thursday at the ongoing International Financial Inclusion Conference in Abuja:Revised National Strategy for Financial Inclusion;Utilizing Agent Networks for Women’s Financial Inclusion: A National Strategy;Nigerian Financial Services Maps (NFSMaps) and the National Fintech Strategy;and the 2025 Payment System Vision.
At the event, Major General Muhammadu Buhari (retd), the President of Nigeria, stated that his administration understood the impact of financial inclusion on economic growth and development and had created the enabling policy environment to achieve the anticipated results.
Mohammed Bello, the Minister for the Federal Capital Territory, acted as Buhari’s spokesperson, stating:For instance, I introduced the Micro Pension policy in 2019, which aimed to increase the number of M.S.M.E.s with pensions and the informal economy.Additionally, we established collective investment and microinsurance policies.In accordance with our goal of “National Financial Inclusion,” these initiatives aim to provide underserved individuals with access to a wide range of financial products and services.
Stakeholders in financial inclusion, according to the President, have been at the forefront of developing novel approaches to addressing some of the country’s pressing issues.

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