Technology

August 8, 2018

61% of adults over 65 years, excluded from formal financial system –Inlaks MD

By Juliet Umeh

Managing Director of system integrating company, Inlaks,  Mr Femi Adeoti has tasked the Central Bank of Nigeria, CBN, to ensure that the over 61 per cent of adult Nigerians over the age of 65 excluded from formal banking system are quickly integrated back if it hopes to achieve financial inclusion vision 2020.

Proffering solutions to achieving the mandate, he said more of agency banking, mobile banking, electronic wallet, internet banking, call centre banking and the automated teller machine, ATM, should be introduced.

He described them as some of the requisite channels that would draw Nigerian adults closer to financial developments.

Meanwhile, Adeoti also expressed his company’s commitment to the vision 2020 strategy and promised that Inlaks will do all it could, to portray its willingness as a worthy partner.

He said the commitment was to show Inlaks’ belief in the impact that the project will make on the nation’s economy.

He made the promise when he delivered a keynote address at the Nigerian ICT Impact CEO Forum and African Digital Awards in Lagos, where he bagged the ICT Man of the Year award.

At the event, Inlaks was also named ICT Conglomerate of the Year. Adeoti, who was represented by the Director of Value Added Services, Oladimeji Koyejo, said that the organisation through the provision of its services to the people, is committed to extend the frontiers of CBN’s financial inclusion in Nigeria.

He confessed that CBN’s approval given to Inlaks to function as a Super-Agent in the nation’s financial services system was also part of the effort to bring financial services closer to the people.

“We are committed to the CBN’s financial inclusion agenda most importantly in the areas of poverty reduction, employment generation, wealth creation, improving welfare and general standard of living of Nigerians,” he said.