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President Muhammadu Buhari unveils 7 key national policy assets of the Central Bank of Nigeria to drive financial inclusion and strengthen economic growth. #IFIC2022

L-R Minister of Information, Mr. Lai Mohammed, CBN Governor, Mr. Godwin Emefiele; Representative of President Muhammadu Buhari, FCT Minister, Mr. Mohammed Musa Bello, CBN Deputy Governor; Financial System Stability; Mrs. Aishah Ahmad.
Seven strategic policy documents have been launched at IFIC2022 to deepen financial inclusion 1. Revised National Financial Inclusion Strategy (NFIS 3.0) 2.National FinTech Strategy 3. National Strategy Leveraging Agent Networks for women's Financial Inclusion
4.Payment System Vision (PSV) 2025 5. Nigeria Financial Services Maps (NFSMaps) 6. Regtech Sandbox Framework 7. Central Bank of Nigeria - Central Bank of Egypt, Fintech Bridge
Over 4 million small holders farmers nationwide have benefitted from concessionary credit facilities that improved the nation’s food output while creating 2 million jobs. #IFIC2022
"All credits to these farmers were disbursed via digital channels, further boosting financial inclusion in rural areas" – Emefiele
“Our focus on leveraging digital innovations to drive financial inclusion was one of the main motivations for the launch of the eNaira, Nigeria’s digital currency. To ensure that the eNaira is enabled for financial inclusion, a USSD channel for eNaira was created”. - Emefiele
As at the end of 2020 the financial exclusion rate had reduced to 35.9 percent. While this remains high when considered as absolute numbers, it is a huge improvement when compared to the position as at 2008 of 52.2 percent.
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