Mobile Money Agents Confab Harps on Financial Inclusion


The third annual conference of the Association of Mobile Money Agents in Nigeria (AMMAN) 2018 will be focusing on how to drive Central Bank of Nigeria Financial inclusion initiative.

The conference is scheduled to hold next month in Ikeja, Lagos, with the theme: ‘Driving Inclusion: Exploring Agency Banking with Shared Network’.

National President, AMMAN, Victor Olojo, said the event would help to set a positive agenda for stakeholders and the country in the Shared Agent Network Expansion Facilities (SANEF) designed to extend financial services to 60 million financially excluded Nigerians by year 2020.

“Shared Agent Network Expansion Facilities an initiative of CBN and Bankers Committee entails an aggressive roll out of 500,000 agent network to offer basic financial services, such as Cash-in, Cash-out, funds transfer, bill payments, airtime purchase, government disbursements as well as remote enrolment on BVN to an estimated 60 million Nigerians that are currently under-banked. We are the key actors in this initiative,” he said.

Olojo added:”We expect agents from all the state chapters and more important for us is the need to have a round table discussion with the regulators, operators, agents and other stakeholders. We are also trying to see how we can attract Insurance firms. As agents we can issue out third party insurance policies and more.We are also trying to play our role in CBN’s vision of achieving 80 per cent financial inclusions.”

The essence of the conference is to create an avenue where operators, agents, regulator and stakeholders can come together to discuss common goals; to review past calendar year; to discuss challenges and proffer solutions. It will also serve as a forum to create enabling platform to showcase latest solutions and cutting edge technologies in the industry.