Kaduna State has successfully onboarded 2.2 million vulnerable residents into Nigeria’s financial system through its Executive Order for Financial Inclusion. Governor Uba Sani made the announcement at the launch of eTranzact’s new payment solutions, Credo and PocketMoni, in Abuja.
The initiative aims to integrate underserved individuals into the banking sector, providing them with access to essential financial services and boosting economic opportunities. Governor Sani emphasized the significance of financial inclusion, noting that over 70% of Nigerians were previously excluded from the financial system, hindering social and economic progress.
Since the introduction of the Executive Order, 2.2 million underserved individuals in Kaduna have opened accounts, enabling them to participate in various government social integration programs. Governor Sani urged both state and federal governments to leverage financial technology platforms, like eTranzact, to further drive economic prosperity.
During the event, Niyi Toluwalope, Managing Director of eTranzact, introduced the innovative payment solutions Credo and PocketMoni. These platforms are designed to provide secure and flexible payment processing for underserved populations, ensuring easy access to financial services.
