The Oyo State Government has promised to support the Central Bank of Nigeria (CBN) initiative in actualizing the 80 per cent Financial Inclusion rate by the year 2020. According to him, “Globally, policymakers have turned their attention to financial inclusion as a veritable tool of development and have therefore seen it as a development priority. In his welcome address, the Branch Controller, CBN Ibadan, Mr. Mustafa Olatinwo explained that the Nigeria National Financial Inclusion Strategy was launched to reduce the percentage of adult Nigerians excluded from access to financial services from 46.3 per cent in 2010 to 20 per cent in 2020. Mr. Olatinwo stated that the cross-cutting and diverse nature of the targeted services require collaborative efforts by stakeholders in the financial sector especially at the grassroots, saying that financial service providers at the state level are pertinent to achieving at least 80 per cent inclusion of adult population by the year 2020. Olatinwo, therefore, called on all the members of the committee to support the state level arrangement in order to achieve the objectives.

Source: Nigerian Tribune January 11, 2018 18:32 UTC