Banking & Finance

CBN Launches Initiatives to Drive Financial Inclusion

The Central Bank of Nigeria has officially launched three initiatives to drive financial inclusion in the country.

The initiatives were launched at the second edition of the International Financial Inclusion Conference, which was held in Lagos on Tuesday under the theme, ‘Inclusive Growth: Harnessing Inclusion for Economic Development’.

Speakers at the event highlighted the fact that women, and youths including small and medium enterprises were the most financially excluded categories of people in Nigeria.

The IFIC is Nigeria’s leading financial Inclusion event hosted by the National Financial Inclusion Governance Committees.

The initiatives unveiled during this year’s conference include the Women Financial Inclusion Dashboard which allows regulators and policymakers to identify and prioritise gender gaps in financial services; the Women Entrepreneurs Finance Code, which is a platform designed to transform the financing landscape for women-owned Micro, Small, and Medium Enterprises globally.

The other is the Roadmap for the financial inclusion of Forcibly Displaced Persons, which support FDPs in overcoming financial barriers, accessing essential services and establishing the foundation for their economic independence.

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