Mr Danbatta said that 35 million Nigerians have no access to telecommunications services and by implication, they lack access to digital financial services.
Telecommunications remains the best enabler in expanding the frontiers of financial inclusion in Nigeria, the Executive Vice Chairman of theAccording to the NCC on its official Twitter page, Mr Danbatta said this while receiving a team from the and the foundation’s consultants, Glenbrooks Partners, who paid a visit to the commission.
He believes the federal government will take a concrete position soon to enable the Infracos to commence operations because “fibre is the real solution to the volume of transactions in the financial services sector.”Mr Danbatta said that 35 million Nigerians have no access to telecommunications services and by implication, they lack access to digital financial services, a condition that undermines financial inclusion.
He said access to telecom services by distant, isolated, unserved and underserved communities will enable more citizens to embrace a digital financial culture. A delegate of Bill and Melinda Gates Foundation, Abiodun Jagun,informed Mr Danbatta that the foundation requested for the meeting in other to deepen the extant the partnership between the foundation and the Federal Government of Nigeria to increase citizens’ access to financial resources.
Ms Jagun said the beauty of the visit and the discussions are meant to ensure that the philanthropic opportunities offered by BMGF are supportive and complementary to the digital ecosystem.In 2010, Nigeria made a commitment to reduce the adult financial exclusion rate in the country from 46.3 per cent to 20 per cent by 2020.
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