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First Bank's FirstMonie product continues to promote financial inclusion

First Bank's FirstMonie product continues to promote financial inclusion
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Analyst Advises CBN on Measures to Deepen Financial Inclusion

James Emejo in Abuja
The Managing Director/Chief Executive, SD&D Capital Management Limited, Mr. Idakolo Gbolade, has urged the Central Bank of Nigeria (CBN) to register more cooperative societies with specific mandate to cater for the needs of the unbanked population in the country.
Speaking in an exclusive interview with THISDAY, he said though measures that had been so far deployed by the apex bank to deepen financial inclusion are novel ideas, cooperative societies are required to ensure that the unbanked population, most of whom are uneducated, have confidence in such technologies.
Gbolade said the government should have cooperatives bodies which are able to translate government policy on financial inclusion especially to those who can neither read nor write or who do not have mobile handsets – so that government’s programme can have effective outcomes. ....

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