CBN to continue supporting financial service penetration –Emefiele

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The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Saturday said that the bank would continue to support measures that would deepen penetration of financial services in the country.

Emefiele

Emefiele said while delivering a welcome address at the 9th annual Bankers Committee Retreat in Lagos.

According to him, the measure will capture those who are financially excluded from the system.

The theme of the retreat is “Improving Financial Access, Enabling Job Creation and Driving Inclusive Growth in Nigeria’’.

He said such measures would also consider Micro, Small and Medium Enterprises (MSMEs) that were unable to obtain credit facilities from financial institutions.

Emefiele identified some of the measures already taken by CBN to achieve the plan to include Biometric Verification Number (BVN) and Credit Reporting Act 2017 that led to the establishment of…



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