DIGITAL FINANCIAL INCLUSION: CBN Targets 25,000 Women, Youths In Fresh Push

In its drive to ensure the Digital Financial Inclusion (DFI) of women and youth across Nigeria, the Central Bank of Nigeria (CBN) has set a target of 25,000 individuals among the two groups for immediate engagement.

The apex bank and its stakeholders are billed to engage target groups in selected States in order to facilitate their economic empowerment and inclusion.

A statement from the CBN noted that the programme also aims at implementing the Bank’s framework for advancing women’s financial inclusion in Nigeria and improve access to financial products and services amongst vulnerable segments of the Nigerian society.

The DFI drive scheduled to commence from Gombe State, today through to Friday, November 5, 2021, is the first of six engagements expected to cut across states with high numbers of financially excluded women and youth.

The statement identified Bayelsa, Ebonyi, Jigawa, Niger and Oyo as the other States with high populations of vulnerable financially excluded women and youths, adding that those who fall into these groups are expected to benefit from the drive throughout the rest of the year.

According to the CBN, the drive is expected to, among other things, improve financial literacy and build awareness on the benefits of the use of digital financial services and contribute to increased access to Payments, Savings and credit enhancement opportunities for rural women and youth across the country leveraging digital platforms.

Similarly, it is expected to promote the uptake of other financial products and services amongst women and youth including insurance, pension and capital market products through agents.

 

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