Nigeria’s Bank of Industry partners Gates Foundation, CGAP on financial inclusion

Thursday, November 2, 2017

The Bank of Industry (BoI), Bill and Melinda Gates Foundation and Consultative Group to Assist the Poor (CGAP) have gone into partnership to deepen financial inclusion and poverty eradication in Nigeria.

Mrs Toyin Adeniji, Executive Director, Micro Enterprises, BoI, made the disclosure during a visit with the directors of the foundations to the Lagos State Plank and Building Materials Market Association.

Adeniji said that the partnership was to support the Federal Government’s social intervention programme, ‘Market Moni’, done under Government Enterprises and Empowerment Programme (GEEP).

The News Agency of Nigeria (NAN) reports that the objective of GEEP is to deepen financial inclusion through provision of loans to market women, traders, artisans, enterprising youths, small scale farmers and agriculture workers nationwide.

Photo courtesy of fsecart.

Source: WorldStage (link opens in a new window)

financial inclusion, global development, lending, poverty alleviation