National Financial inclusion stakeholders in Nigeria, led by the Central Bank of Nigeria (CBN) will this Thursday and Friday gather for the launch of key policy documents aimed at facilitating the attainment of the financial inclusion target of 80 per cent by 2020.
The event would hold in Abuja.
Policy
documents to be unveiled at the conference expected to attract over 400
delegates are the Revised National Financial Inclusion Strategy (NFIS
2.0); the Financial Literacy Framework; the Consumer Protection
Framework and the Consumer Education framework.
According to
details obtained from the CBN, the conference also aims to ensure that
new comers into the financial inclusion bracket are adequately protected
and educated in line with the provisions of the policy documents.
Other
objectives of the two-day conference to be declared open by the CBN
Governor, Mr. Godwin Emefiele, are to update participants on the growing
sophistication of the financial market, the competitive environment in
which financial services providers operate, and the benefit and value of
providing access to financial services among others.
While
hoping to enhance consumer confidence and trust in the financial
services to facilitate progress towards achieving 80 per cent financial
inclusion target by 2020, the CBN and other stakeholders also seek to
obtain customer feedback on how best to implement the financial
inclusion policies.
Latest figures released by Enhancing
Financial Innovation and Access (EFInA) indicate that 36.6 million
Nigerian adults, representing about 36.8 per cent of the Nigerian adult
population, do not have access to formal financial Services.
To
achieve its financial inclusion target, Nigeria, through the National
Financial Inclusion stakeholders, seeks to cut the exclusion rate down
to 20 per cent by the year 2020, hence various public and private
organisations under the auspices of National Financial inclusion
stakeholders have been working assiduously since the launch of the first
National Financial Inclusion Strategy in 2012 to achieve the objective
of 80 per cent inclusion by 2020.
Source:- Thisdaylive
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