Nigeria: NDIC Decries Low Presence of MFBs in Northern Nigeria

15 November 2012

The Nigeria Deposit Insurance Corporation (NDIC) has expressed concerns over the poor presence of Microfinance Banks (MFBs) in the northern part of the country.

Managing Director/Chief Executive Officer, NDIC, Mr. Umaru Ibrahim, who stated this in a speech presented at the on-going 2012 workshop for journalists tagged: "Deposit Insurance and Financial Inclusion," in Dutse, Jigawa, insisted that the "grossly uneven" distribution of MFBs in the country is frustrating the country's financial inclusion strategy.

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