Bankers’ Committee Picks Bornu to Pilot Financial Inclusion

12 Dec 2012

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Sanusi Lamido Sanusi

Following the launch of the Financial Inclusion Strategy last month, the Bankers’ Committee said it will commence the pilot scheme of the programme in Bornu State.

The committee, according to a statement Tuesday  also applauded the progress made by the Federal Government on Power Sector Reform, even as it pledged its commitment to transform and grow the economy.

The statement, which contained some of the resolutions at the end of the 4th Annual Bankers’ Committee Retreat held in Calabar last week, also expressed concern over the high number of financially-excluded adults in Nigeria, particularly in some of the poorest parts of the country.
“To this end, Bornu State was selected to pilot the Financial Inclusion scheme due to its high rate of financial exclusion, significant number of rural women, security issues plaguing the state and having one of the highest levels of poverty in the country.

“Another pronouncement from the committee was the acknowledgement of the tremendous strides made by the federal government in tackling the challenges in the power sector, advocating that proceeds of the privatisation should be reinvested in further developing the sector.

“The committee reasserted its focus to identify opportunities for the financial intervention in key sectors considered as growth drivers of the economy, as banks play their critical role of mediation beyond just custodial services,” it added.

Tags: Business, World, Featured, Bankers’ Committee

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