Financial Inclusion

Premium Times monitored the implementation of the programme in the North-west Nigerian state.

Despite reported hitches, beneficiaries and officials say the programme has had a positive impact on the society.

The training programme, which held in Abuja on Wednesday, had participants drawn from across the country.

The licence will enable MTN to convert their existing airtime agents and recruit other small businesses to distribute financial services.

The official said 18,674 other beneficiaries of the initiative have voluntarily resigned, having secured permanent employment.

The scheme, which was initiated to bring relief to thousands of youth, is being abused by some beneficiaries in Adamawa, Kano and Katsina.

The Managing Director, Adia Sowho, disclosed this at the Digital PayExpo Conference and Exhibition in Lagos.

The App will also provide encrypted messaging service for users.

Every day, dozens of women across major markets in Lagos help buyers move heavy loads from their point of purchase to their vehicles or places where they could use public transportation.

The government also plans to establish micro-finance banks in all the 774 local government areas of the country through NIPOST.

Many low-income farmers in rural Abuja communities speak of their non-use of financial institutions.

The CBN says it does not approve of the unethical and embarrassing methods deployed by the said banks to recover debts.

Building inclusive financial systems has become an important objective for policymakers around the world.

The report details the pains Nigerians (especially defaulters) go through while paying back loans given by some micro-finance banks in the South-west.

Many customers were seen stranded and on long queues at ATMs, waiting to make different transactions.

The CCT involves the payment of N5,000 monthly, paid bi-monthly, to the poorest Nigerians, mostly in rural communities.

Mrs Uwais said that the administration would build on the successes of the programmes to put smiles on the faces of more Nigerians.

The investigation shows that literacy, economic empowerment among the local population in the north would help deliver greater impacts in terms of financial inclusion.

Many farmers across Nigeria are unbanked. They share their stories in this special report.

Some Nigerians explain why they would rather keep their cash than lodge it in the bank.

The 1999 Constitution was amended last year to give autonomy to the two arms of government at the sub-national levels, as is already the case at the federal level.

Bank customers, analysts weigh in on the development.