October 23, 2018

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CBN, IFAD seek to expand rural financial inclusion

CBN, IFAD seek to expand rural financial inclusion

THE Central Bank of Nigeria, CBN, and the International Fund for Agricultural Development, IFAD, have concluded plans to sustain the Rural Finance Institution Building Programme initiatives by establishing Rural Outreach Coordinating Committee (ROCC) to enhance financial inclusion in rural areas after the exit of RUFIN.

This was disclosed Weekend, by the Director, Development Finance Department, CBN, Dr Mudashir Olaitan, who was represented by Edwin Nzelu, during the ‘National Consultative Workshop for Rural Finance Outreach Coordinating Committee, ROCC, under the IFAD Rural Finance Institution, RUFIN, Building Programme’, held in Uyo, Akwa Ibom State.

According to Olaitan’s explanation, the essence of the workshop was to create awareness through sensitisation of stakeholders in the microfinance sector on rural financial inclusion, and made it clear that the ROCC, will fine tune and continue with what RUFIN started in 2010 as it will wind up by 2017. Read more

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