One-third of Nigerians cannot access capital to grow businesses — CBN

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that nearly one-third of Nigerians cannot access capital to grow businesses, secure savings for the future, or obtain insurance to mitigate risks.

Additionally, over 28 million Nigerians still lack access to formal financial products and services. Cardoso made this disclosure while delivering his welcome address at the two-day second International Financial Inclusion Conference 2024 (IFIC24) in Lagos on Tuesday.

Read more at Tribuneonlineng

Leave a Reply

Your email address will not be published. Required fields are marked *