NorthEast and Southeast regions have the least access to banking, a report on financial access touch-points released yesterday has shown.
With five per cent financial access touch-points for the Northeast and seven per cent for the Southeast, both regions remain disadvantaged in access to financial services despite efforts by the Central Bank of Nigeria (CBN), Bankers’ Committee and commercial banks to take banking to the grassroots, the Shared Agent Network Expansion Facility (SANEF) report has shown.
The CBN has voted N20 billion for banks, Nigeria Inter-Bank Settlement Systems (NIBSS), licensed Mobile Money Operators and Shared Agents to accelerate financial inclusion and take banking to more Nigerians.
Southwest is leading on financial access touch-points with 54 per cent; Southsouth 12 per cent; Northcentral 11 per cent and Northwest 10 per cent. It said Nigeria has 5,600…
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