CBN Reaffirms Promise to Reduce Unbanked Nigerians

The Central Bank of Nigeria (CBN) has restated its pledge to reducing the number of Nigerians without bank accounts to the barest minimum by the year 2020.The apex bank said the move was in line with the 2011 Maya (Mexico) resolution of the group of 20 developing countries.
Hajia Khadijab Kassim , Deputy Director, Consumer Protection Department of CBN, revealed this in Port Harcourt at the financial literacy sensitisation and awareness workshop organised by CBN. According to her, in 2011, leaders of leading financial institutions in 20 developing countries of the world met in Maya, Mexico and decided to decrease the number of their people without their own bank accounts. And that more than 40 per cent of those who should be using banking services in the country were not in the financial system
The Deputy Director disclosed that in order to ensure the success of the plan, the CBN had developed a national financial inclusion strategy aimed at enlightening Nigerians on how to understand and benefit from the country’s financial system. Kassim said the CBN would work with NGO's and faith-based groups to sensitise people in the rural parts of the country to understand the benefits of the financial system