ACF writes CBN, cries out over alleged financial exclusion of northern states

ACF writes CBN, cries out over alleged financial exclusion of northern states

- ACF is not happy that the northern region has been excluded from key aspects of Nigeria’s financial life

- The forum, speaking through its chairman, Chief Audu Ogbeh, noted that states in the north are underserved

- Ogbeh expressed fear that if the situation is not addressed it may compound the negative effects of the second wave of COVID-19 on the region

PAY ATTENTION: Join Legit.ng Telegram channel! Never miss important updates!

Arewa Consultative Forum (ACF) has decried what it calls the exclusion of northern states from critical aspects of the nation’s financial life.

The mouthpiece of northern Nigeria made its stance known in a letter dated January 29, 2021, and written to the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, The Nation reports.

In the letter signed by ACF chairman Chief Audu Ogbeh, the forum stated that the north despite being the most populous region in the country is “unserved and underserved.”

Banditry: Nigerian governors agree to end open grazing nationwide
ACF writes CBN, cries out over alleged financial exclusion of northern states

ACF has decried the alleged financial exclusion of northern states from Nigeria's financial life. Photo credit: @AuduOgbeh
Source: Twitter

Ogbeh, Nigeria's former minister of agriculture, stressed that the government’s policy of financial inclusion targeted at the grassroots may not succeed in the north.

The ACF chairman went on to express fear that the situation may compound the negative effects of the second wave of COVID-19 on the region if not addressed.

He explained that the microfinance banks are not properly positioned to serve the majority of the people all over the country.

PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app

Meanwhile, Legit.ng reported that the Coalition Against COVID-19 (CACOVID) announced its plan to empower four million Nigerian youths through a N25 billion employment programme.

This was disclosed by the president of Dangote Group, Alhaji Aliko Dangote, at a press briefing in Lagos on Wednesday, November 25, 2020.

Dangote also announced the plan by CACOVID to rebuild the police stations that were destroyed during the violence which trailed the #EndSARS protest.

Oluwatobi Bolashodun is a Legit.ng journalist with six years of working experience in the media industry. She graduated from Babcock University in 2012 with a Bachelor’s Degree in Mass Communication. Oluwatobi is a Current Affairs Editor, mostly writing on political, educational, and business topics. She uses her team spirit to encourage others to work hard.

Source: Legit.ng

Online view pixel