CBN To Enhance Access To Finance For Women Entrepreneurs In Kaduna | Independent Newspapers Limited
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CBN To Enhance Access To Finance For Women Entrepreneurs In Kaduna

Posted: Sep 14, 2015 at 12:00 am   /   by   /   comments (0)

By Juliet Oyoyo  Kaduna

Residents of Kaduna and environs have been warned of the activities of illicit financial houses.

The warning was given by the Director, Corporate Communication Department of the CBN, Mallam Ibrahim Mu’azu at a two-day sensitization Fair in Kaduna, with the theme; ‘Promoting Financial Stability and Economic Development’.

The objective of the sensitization was to create awareness about the economic development initiatives and programmes of the bank and to explain the opportunities available and how best to leverage on them,

Mallam Ibrahim Mu’azu disclosed that, “the various initiatives are on monetary policy, modernisation of the payment system, development financing programmes and financial literacy have been designed to revamp, reposition and reengineering vital sectors of the economy.

“Some of these initiatives include Agricultural Credit Guarantee Scheme Fund (ACGSF), Micro Small and Medium Scale Enterprises (MSME), Micro Finance Policy, Commercial Agricultural Credit Scheme (CACS), cash-less policy, electronic payment system (alternative payment channels), financial inclusion and pursuant of sound and stable financial system.

“These lofty initiatives are quite capable of repositioning the economy if well understood and the opportunities are adequately tapped into.”

He urged the public to always verify every offer made to them so as not to lose their investments.

He said, “Let me use this medium to caution members of the public to very careful and mindful of the activities of illicit financial houses so as not to lose your hard earned money in the pursuit of ‘mouth-watering’ fictitious returns on investment.

“Endeavour to verify such offers by prospective finance houses before parting with your money. You can always visit the CBN website or any branch of the CBN nearest to you for such”.

Explaining further, he stated that “the CBN is to mobilise the people with low income but economically active, women entrepreneurs farmers and financial service providers to come together, interact and create synergy towards enhancing access to finance, increase productivity, generate employment, create wealth and engender sustainable growth”.