The Federal Government has revealed plans to integrate over 20 percent of unbanked Nigerians into the banking system.
Vice President Kashim Shettima revealed this in Abuja today at the beginning of a two-day National Stakeholders’ Workshop on Economic and Financial Inclusion.
According to the vice president, at least, over 20 per cent of Nigerians are currently excluded financially.
He added that the government was targeting to reduce that number to a minimum of five per cent.
At the event, the 14th Emir of Kano and former Governor of the Central Bank, 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
The workshop focuses on how to integrate the unbanked Nigerian population into the formal financial system in Nigeria. It brings together experts from all walks of life, including the Central Bank Governor, Olayemi Cardoso, traditional rulers, and private sector players.
Ahead of the event, the Deputy Chief of Staff to the President, Senator Ibrahim Hadejia, said the FG would tackle poverty and insecurity head-on across the country through financial inclusion for all Nigerians.
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