The Business NG - The BusinessNG Add to Favorites

The Business NG - The BusinessNG Add to Favorites

Keine Grenzen mehr mit Magzter GOLD

Lesen Sie The Business NG zusammen mit 9,000+ anderen Zeitschriften und Zeitungen mit nur einem Abonnement   Katalog ansehen

1 Monat $9.99

1 Jahr$99.99 $49.99

$4/monat

Speichern 50%
Hurry, Offer Ends in 19 Days
(OR)

Nur abonnieren The Business NG

1 Jahr$102.96 $34.99

Universal Children Day Sale - Speichern 66%
Hurry! Sale ends on November 21, 2024

Diese Ausgabe kaufen $0.99

Geschenk The Business NG

7-Day No Questions Asked Refund7-Day No Questions
Asked Refund Policy

 ⓘ

Digital Subscription.Instant Access.

Digitales Abonnement
Sofortiger Zugriff

Verified Secure Payment

Verifiziert sicher
Zahlung

In dieser Angelegenheit


At the 2024 International Financial Inclusion Conference, Central Bank of Nigeria (CBN) Governor highlighted financial inclusion as the “fulcrum upon which Nigeria’s economic growth rests,” signaling its critical role in transforming the nation into a $1 trillion economy. Speaking to a gathering of policymakers, international partners, and financial leaders, the Governor stressed that integrating millions of unbanked Nigerians into the formal financial system would unlock widespread economic benefits.

“Financial inclusion isn’t just a financial matter; it’s foundational to our national development,” the Governor declared, citing statistics from a recent survey revealing that 26% of Nigerian adults are financially excluded. This gap, he noted, constrains individuals and businesses from accessing essential services like credit and insurance, thereby stifling economic growth.

To address these barriers, the CBN has implemented ambitious policies through its National Financial Inclusion Strategy, launched in 2012. Recently, it introduced new minimum capital requirements for banks to strengthen their ability to serve underserved communities. “A well-capitalized banking sector is critical for supporting the MSMEs that form the backbone of our economy,” he said, emphasizing that MSMEs create over 80% of jobs in Nigeria but often lack access to the credit necessary for expansion.

The Governor also highlighted digital financial services as a game-changer, allowing millions in rural and underserved areas to access financial services via mobile technology. This, he noted, is especially impactful for women and youth, who are disproportionately excluded from formal finance but show high potential for entrepreneurial contributions.

Ending his address with a call to action, the CBN Governor commended the efforts of financial inclusion partners and underscored the need for continued collaboration across sectors to ensure that Nigeria’s growth is inclusive and far-reaching

The Business NG Newspaper Description:

VerlagTuns Media & Comm Enterprise

KategorieNewspaper

SpracheEnglish

HäufigkeitSemi-Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level

  • cancel anytimeJederzeit kündigen [ Keine Verpflichtungen ]
  • digital onlyNur digital