FG launches financial inclusion drive to boost economic access

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The Nigerian government has launched a renewed push for economic and financial inclusion by initiating a strategic rollout designed to expand access to economic opportunities nationwide.

As part of this effort, a high-level inter-agency task force has been formed to address administrative bottlenecks delaying the conditional cash transfer scheme approved by President Bola Tinubu.

The initiative targets 15 million vulnerable households, aiming to enhance financial access through digital platforms, credit, and essential services.

At the inaugural meeting of the Technical Committee of the Presidential Committee on Economic and Financial Inclusion, Deputy Chief of Staff Ibrahim Hassan-Hadejia emphasized the importance of stakeholder collaboration and alignment in achieving inclusive financial growth.

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Officials confirmed the committee has endorsed a governance framework and strategic roadmap to ensure smooth execution. The task force includes key institutions such as NIMC, the Central Bank of Nigeria, and the Nigeria Inter-Bank Settlement System. Their joint mandate is to accelerate the delivery of cash support and bolster infrastructure for inclusive economic participation.

The Director-General of NIMC, Abisoye Coker-Odusote, noted that digital identity, enabled through the National Identification Number (NIN), is crucial in bridging service gaps across sectors like health, education, and agriculture—thereby supporting the broader goal of inclusive national development.


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