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Financial Inclusion: SEC Targets 80% in Nigeria by 2020

By Dipo Olowookere

Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has expressed the intention of her agency to take its financial inclusion initiative to 80 percent of the population by 2020.

Nigeria’s population is presently nearing 200 million. Regrettably, number of persons investing in the country’s capital market is still relatively low.

Speaking last week at a sensitisation campaign in Kwali Area Council, Abuja, the SEC chief said there was need for Nigerians, especially those in rural areas to be effectively sensitised on the benefits of investing in the capital market.

“Our target is to have 80 percent citizens to be financially included by the year 2020 and having recorded huge success in Bwari, Kuje Area Councils and University of Abuja, it has become pertinent that we extend the programme to other communities hence our presence here today,” Ms Uduk said.

The investment expert, who was represented by the Acting Head of Department, Market Development Department at the commission, Mr Frank Okafor, explained that the financial inclusion enlightenment campaign was to ensure that various products were made available to the excluded.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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