The MD/CEO of Xpress Payment Solutions Limited, Oluwadare Owolabi has called for more collaboration among stakeholders in the financial inclusion pace. This he believes would help in actualizing the financial inclusion target set by the Central Bank of Nigeria.
Owolabi said this, Friday, while speaking at the Inclusive Nigerian Conference & Awards 2019 held at The Zone Tech Gbagada, Lagos.
Speaking on the topic “Yardstick for Measuring Financial Inclusion” Owolabi identified metrics such as; number of bank accounts; number of BVN enrolment; level of adoption of financial channels; as well as the rate of financial literacy of the population as sufficient yardstick for measuring financial inclusion.
In his presentation, Owolabi stressed the need for an inclusive and concerted effort by the major players in the financial inclusion eco-system. This he noted would bring about a cross-fertilization of ideas which would hopefully birth innovations that would push the barriers.
In his words “when key players collaborate, it can only help to shape and sharpen the rough edges that have militated against the financial inclusion scheme of the Central Bank of Nigeria.”
Speaking further, Owolabi explained that Nigeria is a peculiar country that needs tailor-made solutions rather than generic solutions imported from foreign countries.