Microfinancing: CBN re-commits to empowering women, others

0
213


Microfinancing: CBN re-commits to empowering women, others

By Racheal Ishaya

The Central Bank of Nigeria (CBN), has reiterated its commitment to the economic empowerment of micro-entrepreneurs including women through microfinance institutions.

The CBN Governor,  Mr Godwin Emefiele said this on Friday in Gombe at the 27th Seminar for Finance Correspondents and Business Editors.

The theme of the seminar was “Repositioning Micro-Finance Banks for Real Sector Growth”.

Emefiele, represented by CBN Deputy Governor,  Mr Edward Adamu  said that the bank was concerned about increasing access to financial services for the economically active poor to enhance job creation as well as poverty reduction.

He said that the CBN had recently carried out some reforms in the microfinance sub sector with the aim of increasing the share of micro credit to at least 20 per cent by 2020.

“By increasing access to credit and related services to the economically active segment of the low income…



Source: News Agency of Nigeria