Nigeria’s central bank unveils map for financial access point

Nigeria’s central bank unveils map for financial access point

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Nigeria: The Central Bank of Nigeria (CBN) and the Bill & Melinda Gates Foundation (BMGF) have launched the results of the GIS mapping of financial access points in the country.

The CBN Governor, Mallam Sanusi Lamido Sanusi disclosed that the BMGF had in 2012, identified the GIS mapping, capacity building initiatives among others, as areas for collaboration with the central bank, as part of efforts to support financial inclusion.

According to Sanusi, the map, which was based on GPRS, basically shows all the bank branches, microfinance bank branches, motor parks, post offices, ATMs, and off-site ATMs in the country. “So we have on one data set, all that information. Now this is just the beginning. Going forward we are going to try to put on Point of Sale (PoS) terminals, we are going to try to put on that map other mobile phone agents, because these are all access points for financial inclusion,” he added.

The CBN governor stressed that map provides an important tool not only for the financial industry, but for consumers and policy makers as well. He said the potential use of the tool was limitless, adding that the central bank was excited to partner the BMGF on the project.

“The interactive mapping tool, which has been developed, is able to provide consumers of financial services in the area with the ability to find financial access points within a five kilometre radius of any point on the map. This Proximity-based approach reflects geographic distribution of financial access points creating an ease of access to live information of the services provided by the access points,” he said.

Source: This Day Live