CBN charges stakeholders on execution of framework on financial inclusion gender gap

The framework aims to complement existing initiatives of the CBN to expand access to finance for women in Nigeria.

Onyeka Koldsweat Akpaida
Onyeka Koldsweat Akpaida

Central Bank of Nigeria (CBN)'s Deputy Governor, Financial System Stability, and Chairperson of the National Financial Inclusion Technical Committee, Mrs. Aisha Ahmad, has charged stakeholders to properly review and drive the execution of the Strategic Imperatives presented within the framework for advancing women’s financial inclusion in Nigeria.

The framework aims to complement existing initiatives of the CBN to expand access to finance for women in Nigeria.

Aisha Ahmad. Image Source: Regtech Africa

The framework for advancing women’s financial inclusion in Nigeria is in line with the commitment made by the Central Bank of Nigeria (CBN) to the Alliance for Financial Inclusion (AFI)’s Denarau Action Plan (DAP), which aims to halve the global financial inclusion of gender gap by 2021.

The Deputy Governor highlighted that about 134,000 women have accessed 62% of the MSMEDF, while over N9.5billion has been disbursed to over 3,600 women through the Agribusiness Small and Medium Enterprises Equity Investment Scheme (AGSMEIS). Women have also significantly benefitted from other interventions such as; Textile Sector Intervention Facility, Real Sector Support Facility, and Commercial Agriculture Credit Scheme.

Nigeria In Focus:

Population: 206.6 million (Compared to South Africa's 59.6 million)

GDP: $504.57 billion (Compared to South Africa's $369.85 billion)

GDP Per Capita: $2,465 (Compared to South Africa's $6,193)

Financial inclusion

Onyeka Koldsweat Akpaida

Female Financial & Digital Inclusion Specialist