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Tuesday, February 5 • 4:00pm - 5:00pm
Inclusion For All: Making Financial Inclusion A Reality For Nigeria

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According to the World Bank, Financial Inclusion is "the ability of individuals and businesses to access useful and affordable financial products and services that meet their needs transactions, payments, savings, credit and insurance delivered in a responsible and sustainable way".   Financial Inclusion also refers to citizens access to financial services in such a manner that enables every adult citizen to realize his/her full potential and life aspirations. Growing financial inclusion as a means of lifting citizens out of poverty, improving citizens quality of life and enhancing the capacity of citizens to contribute meaningfully to national development. In Nigeria, only 41 % of Nigerians had bank accounts in 2017, a decline from 44 percent in 2014, according to the World Bank. With 2018 starting out with stagnant financial inclusion numbers in June of 2018 the Central Bank of Nigeria announced a National Financial Inclusion strategy review in order to stay on track for the 2020 80% financial inclusion goal. The reviewed strategy puts forward a draft of suggestions on the best model to help drive financial inclusion in the country. Others have said the country is a peculiar one and as such, it needs a tailor-made strategy, as compared to the mobile money model that has spurred financial inclusion growth around the world. Meanwhile, in furtherance of its mandate to promoting a sound financial system in Nigeria and the need to enhance access to financial services for the unbanked rural segments of society, Nigeria 's Central  Bank recently proposed Payment Service Banks (PSB) aimed at helping to achieve the set 80 percent financial inclusion rate by 2020.

Inclusion for all is the only way to achieve economic prosperity for Nigeria. Every Nigerian is needed to improve the quality of life for all. Inclusion For All: Making Financial Inclusion a reality for Nigeria is a panel by BusinessDay Media Limited, which aims to shed light on financial inclusion issues and opportunities to speak to uncover the bottlenecks that are currently being faced and realistically pan out how to achieve the 2020 80 % financial inclusion goal. This session will bring together Nigeria's most influential public figures and financial inclusion experts to move the needle forward in 2019.

Speakers
avatar for Jide Sanwo-Olu

Jide Sanwo-Olu

Lagos State Gubernatorial candidate, APC
avatar for Nkem Okacha

Nkem Okacha

Founder of Mama Moni Nigeria, Mama Moni Nigeria
avatar for Jay Alabraba

Jay Alabraba

Co-Founder & Director of business development, Paga Tech
avatar for Temitope Akin Fadeyi

Temitope Akin Fadeyi

Head, Financial Inclusion Secretariat, Central Bank of Nigeria


Tuesday February 5, 2019 4:00pm - 5:00pm
Innovation Stage

Attendees (71)



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