Bosun Tijani, the minister of communications, innovation, and the digital economy, has demanded that financial inclusion be given top priority since it is crucial to the growth of the national economy.
Tijani gave a speech during the Abuja launch of the financial technology firm Kayi Bank Application.
The minister claims that by increasing the number of people who may engage in the formal sector through their enterprises, financial inclusion greatly boosts economic growth.
“For those who don’t understand, financial inclusion is a prerequisite for economic growth.
As we all know, Nigerians are very entrepreneurial, but despite this, a sizable portion of our entrepreneurs remain outside of the formal economy, and without their participation in the formal economy, it will be difficult for us to promote robust and inclusive economic growth. He spoke.
Financial inclusion, according to Tijani, may help to combat poverty by giving people access to resources like loans and savings.
He said that financial inclusion must be given top priority in the economy in order to ensure financial stability, reduce risky and informal financial practises, and increase access to credit, among other purposes.
“When people can use banking services, they are less likely to use dangerous and unregulated financial methods. We cannot develop without entrepreneurship, which may be encouraged when there is substantial financial inclusion in society.
“Small businesses with financial inclusion can access credit, manage their cash flow better, and use these advantages to expand their operations, which in turn leads to the creation of jobs.” He spoke.
The Minister urged the developers of new apps to put more emphasis on functionality than design while creating new technologies.
