Fidelity bank banner Bayelsa State banner
CBN to continue supporting financial service penetration — Emefiele

By Olawunmi Ashafa on 09/12/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 610

•CBN Governor Emefiele
•CBN Governor Emefiele

 The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Saturday said that the bank would continue to support measures that would deepen penetration of financial services in the country.

Emefiele said while delivering a welcome address at the 9th annual Bankers Committee Retreat in Lagos.

According to him, the measure will capture those who are financially excluded from the system.

The theme of the retreat is “Improving Financial Access, Enabling Job Creation and Driving Inclusive Growth in Nigeria”.

He said such measures would also consider Micro, Small and Medium Enterprises (MSMEs) that were unable to obtain credit facilities from financial institutions.

Emefiele identified some of the measures already taken by CBN to achieve the plan to include Biometric Verification Number (BVN) and Credit Reporting Act 2017 that led to the establishment of the Credit Bureaux.

He said that the CBN, in order to drive adoption of financial services, partnered other stakeholders to develop agent-banking guidelines.

According to him, agent banking is designed to encourage participation in the financial sector by individuals unfamiliar with the banking system through the provision of agents in underserved areas.

He said part of the measures was the introduction of the Anchor Borrowers Programme with an investment of over N45 billion which had been effective in improving production, by smallholder farmers of rice, maize and soya beans.

Others were Accelerated Agricultural Development Scheme and Collateral Registry.

“In furtherance of these efforts, this Bankers’ Committee retreat is rightfully focusing on strategies to address current constraints in improving access to finance for the unbanked.

“It is also providing actionable steps that will be taken in order to ensure that they make meaningful contributions to Nigeria’s growth and development.

“The retreat will also highlight and discuss key enablers for improving access to credit for MSMEs,” he added. (NAN)

Source News Express

Posted 09/12/2017 8:36:09 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Buhari’s govt. not yet functioning —Bloomberg

Apple iPhone sales drop

Gunmen invade legislative chambers, injure 9 Delta councillors...

Report raises alarm over moves to wipe out...

Anti-graft war: Senator calls on Buhari to probe...

Anti-graft coalition asks EFCC to investigate Army General...

Police nabs armed robbers in Customs uniform

Aba shoemakers panic over possible hijack of contracts...

Diplomatic war breaks out between Morocco and Algeria...

CNPP denies rejecting postponement of Ondo governorship election...

INEC seeks CJN’s intervention over conflicting court judgments...

Group moves to save Nigeria with “Do It...

 

Latest News BREAKING: Croatia crush Argentina 3-0 to reach 2018 World Cup knockout stage The criminals in police uniform Witness to history DSS nabs 2 suspected Islamic State commanders in Abuja 2018 Budget: SERAP recommends ICC prosecution of lawmakers over cutting of critical projects Windstorm, Fire Disaster: Buhari weeps in Bauchi nPDP members to attend APC Convention: Baraje 2018 budget: FG to borrow N1.6tn to fund deficit N282.7m UBA fraud: Absence of witness stalls oil marketer’s trial Pharmacists destroy N452m worth of drugs Projects' probe: ICPC makes U-turn, withdraws charge against NDDC boss NERC grants electricity generation, distribution licences to Ariaria Market

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,344 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,738 views) Shameless Genevieve Nnaji exposes breasts in public (280,299 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (230,147 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,101 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,827 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,859 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,961 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,961 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,660 views) Lagos plane crash: Journalist releases victims’ names (143,871 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,695 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,260) Business Verdict (44) Columnists (870) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,045) Interview (154) Live Commentary (28) Love Matters (124) News (36,375) Opinion (1,004) Pidgin (10) Politics (5,297) Religion (770) Sports (1,553) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement