The director, Development Finance Department of the bank, Mr. Philip Yila Yusuf, made the disclosure during the flag of ceremony of the Digital Financial Inclusion Drive for Women and Youths at the Onueke Township Staduim, Ezza South local government area of the state.
Yusuf, who was represented by the branch controller, CBN, Abakaliki, Mr. Adayo Christopher, who said that the tag line for the drive is: “Open Account, Get Beta Life,” noted that the proposed target for the number of persons is 25,000 at the end of the week long drive.
He noted that throughout the week, financial services providers will be available to help unbanked women and youths to make informed decisions about products uptake which includes savings accounts, micro pensions, micro insurance, BVN registration and NIN registration amongst others.
Yusuf said the women and youths will also have opportunities to learn about investment opportunities and how to sustainably grow their finances.
According to him, “Financial inclusion is also important for household and businesses because interacting with formal systems allows individuals keep their finances safe in saving accounts”.
“It provides businesses the opportunities to access available credit opportunities, loans and encourages the habit of investment.”
Yusuf said the drive which will hold in five local government area of the state will reduce some of the barriers which includes long distance to financial access points.
He said that Central Bank of Nigeria, CBN remains committed to the growth and development of the country’s economy as witnessed by numerous development finance interventions deployed to reduce the negative effect of the COVID-19 pandemic on businesses and interventions targeted at the youths.
He said that the bank has also embarked on improving the agricultural sector through interventions aimed at improving food security in Nigeria.
Ebonyi State governor, Chief David Umahi, who was represented by the commissioner for women affairs and social development, Mrs. Chinwe Okah enjoined the women to key into the program to enable them benefits in various programmes of the state government.