CBN, IFAD seek to expand rural financial inclusion

  |   Nigeria News

THE Central Bank of Nigeria, CBN, and the International Fund for Agricultural Development, IFAD, have concluded plans to sustain the Rural Finance Institution Building Programme initiatives by establishing Rural Outreach Coordinating Committee (ROCC) to enhance financial inclusion in rural areas after the exit of RUFIN.

According to Olaitan's explanation, the essence of the workshop was to create awareness through sensitisation of stakeholders in the microfinance sector on rural financial inclusion, and made it clear that the ROCC, will fine tune and continue with what RUFIN started in 2010 as it will wind up by 2017.

According to the Country Director, IFAD, Atsuko Toda, in terms of rural financial services, access to rural finance, over the last six years RUFIN has contributed a lot in the microfinance sub sector by building capacity of microfinance institutions.And for the new phase of the programme we are collaborating with the CBN to see how they will sustain RUFIN activities.

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