ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, September 19, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Financial Inclusion Important To Spur MSMEs Growth – CIBN Boss

by Bukola Idowu
3 years ago
in Business, News
CIBN
Share on WhatsAppShare on FacebookShare on XTelegram

The registrar, Chartered Institute of Bankers of Nigeria (CIBN), Oluseye Awojobi has said the role of financial inclusion as a means of spurring MSME growth cannot be over emphasised.

 

Advertisement

He disclosed this yesterday at a virtual conference organised by the Chartered Institute of Bankers of Nigeria (CIBN) in collaboration with Credit Bureau Association of Nigeria (CBAN).

The conference had as its theme, “Enhancing Financial Inclusion in Nigeria: Changing the Narrative.”

Awojobi, who was represented at the conference by director, E- Learning and Development, CIBN, Mr Babatunde Apena, said that the theme of the conference was aimed at evoking an in-depth discussion on impact of access to Micro, Small and Medium Enterprises (MSMEs).

He said that the subject matter was also aimed at exploring strategic measures that could improve business financing through credit reporting, adding that the surge on financial inclusion had been an age long challenge with distinctive implication for economic development.

Related News

Publish Recipients Of N330bn Payout To Poor Nigerians, Labour Tells Government

6 minutes ago

I Won’t Be Blackmailed Over Doctors’ Demands – Wike

10 minutes ago

He said, “ Individuals without access to basic bank facilities are left rightly to save, manage risk, take an adventure into business and also invest among other things. Likewise businesses without access to useful and affordable financial product are less likely to expand their operations, employ more labour and generate more revenue.’’

Also speaking at the conference, a financial expert, Mrs Luz Maria Salamina, advised banks and other financial players to embrace the new opportunities represented in embedded credit to drive financial inclusion in Nigeria.

 

Salamina, who is a Lead Financial Sector Specialist, World Bank Group and Secretariat of the International Committee on Credit Reporting, gave the advice at a stakeholder’s conference in Lagos.

“In Nigeria, embedded credit has supplied already an estimated N278 billion or $689 million as of 2021 and it is estimated that the demand for embedded credit in Nigeria will be N900 billion ($2.2 billion). You can see what the most popular embedded credit issued already have offered Nigeria –the Buy now Pay later which is the most popular one,

Merchant Cash Advances, Vehicle Finance, Trade Finance, Inventory Finance and BNPL,’’ she said.

Also speaking, the chairman of CIBAN, Dr Jameelah Sharrief-Ayedun, said that Nigeria was still far from financial inclusion target of 80 per cent, though there had been some proof in the number of people opening account.

“The virtual gathering today has demonstrated our vision of ensuring that financial inclusion is promoted in Nigeria which will subsequently stimulate a stronger economy for all stakeholders. Nigeria has seen a proof in the number of people opening account, people taking out loans from one and even several financial institutions and the influx of

 

Fintech apps. More than ever before, we are witnessing a level of progress being made in the financial sector,’’ he said.

 

Join Our WhatsApp Channel

Tags: Chartered Institute of Bankers of Nigeria (CIBN)
SendShare10172Tweet6357Share

Other News Updates

Cover Stories

Publish Recipients Of N330bn Payout To Poor Nigerians, Labour Tells Government

2025/09/19
Cover Stories

I Won’t Be Blackmailed Over Doctors’ Demands – Wike

2025/09/19
News

Court Martial Sentences Soldier To Death For Murder

2025/09/18
News

2025 Budget: N’Assembly Seeks Withdrawal Of Contract Circulars

2025/09/18
News

Emergencies: ONSA Leads Simulation Exercise To Test National Response Preparedness

2025/09/18
News

Kwara Government Relocates NYSC Camp Over Insecurity

2025/09/18
Leadership Conference advertisement

LATEST

Publish Recipients Of N330bn Payout To Poor Nigerians, Labour Tells Government

I Won’t Be Blackmailed Over Doctors’ Demands – Wike

Haaland Scores Landmark Goal As City Beat 10-man Napoli In Champions League

Rashford Scores Twice As Barca Beat Newcastle In Champions League Opener

Court Martial Sentences Soldier To Death For Murder

2025 Budget: N’Assembly Seeks Withdrawal Of Contract Circulars

Fubara’s Whereabout Unknown Day After Reinstatement

Wike Defends Midnight Meeting With Fubara Over Rivers Election

Emergencies: ONSA Leads Simulation Exercise To Test National Response Preparedness

Wike Assures Of Non-interference In Fubara’s Choice Of Cabinet

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.