Re: Financial Inclusion not Exclusion: Managing De-Risking:
I am a Mobile Financial Services Expert (Mobile Money) in Nigeria working with a Telecoms company. The focus is to bring the vast majority to be financially included but the Central Bank of Nigeria is not creating the enabling environment and not allowing the organisations capable of bring this to be involved.
It is said that 'Banking is necessary, Banks are not'! A vast number of the financially excluded have mobile phones through which telecoms companies can reach them but the CBN is not allowing these telecoms into the Mobile Financial Services market even as Super Agents!