CBN, GCE unveil reports to deepen women's financial inclusion

From Uche Usim, Abuja

In a deft move to close the 8% gender gap in financial Inclusion, the Central Bank of Nigeria (CBN), in collaboration with the Gender Centre of Excellence (GCE), will be

unveiling two significant reports titled: the “Situational Analysis of Women’s Financial

Inclusion in Nigeria” and the Midline Evaluation of the Framework for Advancing

Women’s Financial Inclusion in Nigeria (FAWFIN).

These reports are set to be unveiled at a virtual launch on June 15, 2023, featuring a

keynote address, by the Deputy Governor, Financial System Stability and Chairperson

Financial Inclusion Technical Committee Mrs. Aishah N. Ahmad. The Reports will

provide valuable insights into the current state of women’s financial inclusion in Nigeria

and assess the progress and effectiveness of FAWFIN.

The “Situational Analysis of Women’s Financial Inclusion in Nigeria” reports on

women’s financial inclusion in Nigeria, inputs from financial sector experts, and

perspectives gathered through focus group discussions with women in northern

Nigeria, providing a comprehensive understanding of the challenges they encounter

in accessing financial services.

Conversely, the Midline Evaluation of the FAWFIN framework aims to assess its

progress and impact, capturing valuable lessons learned and providing

recommendations for future implementation. Interviews with stakeholders, including

project staff, community members, financial institutions, and government bodies, shed

light on the framework’s implementation, successes, challenges, and behavior

changes resulting from its interventions.

The unveiling signifies a momentous achievement in Nigeria’s efforts to strengthen

women’s financial inclusion and also demonstrates the unwavering dedication of the

CBN, GCE, and other stakeholders in advancing gender equality and empowering

women through inclusive financial initiatives.