SEC takes financial inclusion campaign to grassroots

IN line with the determination of the nation’s financial authorities to achieve 80 per cent rate in financial inclusion by 2020, the Securities and Exchange Commission (SEC) recently took its team of campaigners to Kwali Area Council of Abuja to enlighten rural dwellers in the area on the meaning and essence of financial inclusiveness.

The Acting Director-General of the commission, Ms Mary Uduk, in her opening remarks, urged the residents who thronged the council’s multipurpose hall to embrace the initiative which she said was to ensure that various products at affordable costs are made available to the excluded. The campaign had been done in Karshi, Bwari, Kuje Area Councils and University of Abuja by SEC.

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“I’d like to invite all of you who are yet to enroll for e-dividend to hurriedly approach your bankers/registrars to enable your dividends be electronically sent to your account,” Uduk, who was represented by Mr Frank Okafor, an assistant director in the commission, said.

In his goodwill message on behalf of the Central Bank of Nigeria (CBN), Hilary Ewubor, of the Strategy Coordination Office in the financial inclusion secretariat of the CBN, said financial inclusion has direct link with economic growth and rural development.

Mr Ewubor recalled how the Central Bank has been able to penetrate a larger number of the unbanked community through different intervention programmes (in its financial inclusion drive).