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Shettima Reveals Plan To Bring 30 Million Unbanked Nigerians Into Financial System
Nigeria plans to integrate 30 million unbanked citizens into the formal financial sector as part of President Tinubu’s Renewed Hope Agenda.
EKO HOT BLOG reports that Nigeria’s Vice President, Kashim Shettima, has announced the federal government’s initiative to integrate 30 million unbanked Nigerians into the formal financial sector. This move aligns with President Bola Tinubu’s goal to address financial exclusion.
Shettima made this statement during a high-level policy dialogue on financial inclusion and sustainability, held in Washington DC.
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The dialogue brought together government officials, regulators, law enforcement agencies, and fintech industry leaders at George Washington University to discuss strategies for creating a more inclusive financial system in Nigeria.
Speaking via video conference, Shettima emphasized the need for financial innovation to advance Nigeria’s economic and financial inclusion goals. He stated, “President Tinubu is committed to incorporating over 30 million unbanked Nigerians into the formal financial sector as part of the Renewed Hope Agenda.”
Senior Special Assistant to Shettima on Media and Publicity, Stanley Nkwocha, noted that the discussion addressed key challenges in Nigeria’s fintech ecosystem, such as regulatory oversight, security concerns, and trust issues, which have impeded the adoption of innovative financial solutions.
Shettima 30 Million Unbanked
The Vice President also told the stakeholders there was the need to develop a sustainable collaboration that would facilitate the adoption of inclusive payment to achieve financial inclusion.
“We must develop a sustainable collaboration approach that will facilitate the adoption of inclusive payment to achieve our objective of economic and financial inclusion,” the statement added.
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On his part, the Deputy Chief of Staff to the President, Senator Ibrahim Hadejia, called on agencies of government to work towards achieving the financial inclusion goal of the federal government.
Hadeja said, “While the Office of the Vice President has given priority to economic and financial inclusion, it is expected that each agency of government will continue to play their statutory role collaboratively to achieve the set objective.”
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