Lauding the CBN for its efforts in achieving the target but admonishing the regulatory body to keep its efforts by offering flexible initiative and data-driven policies that will bring both the underbanked and the undeserved into the financial ecosystem. He further explained the apex bank’s financial inclusion strategy can be achieved if the regulatory body continues its robust synergy with operators in rolling out the innovative initiative.
He iterated that the apex bank is making progress and they hope by December 2020 Nigeria will meet the 80 percent target but there’s still a lot of work to be done in terms of the collaboration between the CBN and financial services providers to be able to spread their wings to reach more people stating that the collective effort and partnership among the stakeholders is very important.
He further said “There’s a need to also deploy more initiatives and carry out sensitization in order to deal with the issue of trust. Collaboration is important to push even beyond the financial inclusion”.