Digitization in Nigeria’s Microfinance Banks

Many IT professionals were idle, while some were overwhelmed with so many activities during the lockdown due to Covid-19 pandemic. I feel reluctant to write this, but it is a path to opening up digital growth for Microfinance Banks (MFBs).…
The Informal Saving Culture of ADAKO

ADAKO is literally translated to “Save and Pack”. This illustrates a saving culture where savers (mostly women) are in a self-selected group. Each member of the group saves an agreed amount periodically based on agreement and the sum total of…
Mortgage Banks in Financial Inclusion Drive

Someone asked me how mortgage banks can find effective expression in financial inclusion drive. These were my responses: Understand the features of the target market Develop appropriate Products Seek right Partnerships Seek right Technology Obviously, the target market in financial…
CBN and the Cashless Policy

I smiled when I saw the CBN new cashless policy. The largest cash movement in volume happens within the population at the mid-bottom of the Pyramid. Until we understand the behavior and business activities of the people in the middle-bottom…