April 26, 2024
the Federal Government has revealed its plan, to integrate over 20 per cent of unbanked Nigerians into the banking system.
Â
Vice President KASHIM SHETTIMA revealed this at the beginning of a two-day National Stakeholders’ Workshop, on Economic and Financial Inclusion in Abuja focusing on how to integrate the unbanked Nigerian population into the formal financial system in Nigeria.
Â
SHETTIMA, who noted that over 20 per cent of Nigerians are currently excluded financially, said the government was targeting to reduce that number to a minimum of five per cent.
Â
At the event, the 14th Emir of Kano and former Governor of the Central Bank of Nigeria, SANUSI LAMIDO, said banditry and other security challenges in Nigeria can be attributed largely to financial exclusion, as many rural dwellers have no access to efficient payment systems
