GROUP URGES FG TO SET UP POLITICAL FRAMEWORK FOR FINANCIAL INCLUSION

People in the Sahel have continually grappled with financial gaps due to lack or inadequate implementation of policies particularly in Nigeria, a country considered, the giant of Africa over the past two decades.

The common saying that if Nigeria fails, the whole of Africa fails, no doubt prompted this auspicious event to take 88.4 million Nigerians out of extreme poverty, especially as 63% are multidimensionally poor according to a 2022 report.

It is projected that the poverty line will hit around 38.8% in 2024, with a poverty threshold of $1.90 a day for an average Nigerian. As 43.7 million women are the most vulnerable with less than $1.90 a day, occasioned by unemployment, low consumer spending, and issues of purchasing power without a commensurable increase in the minimum wage to tackle inflation in the nation’s economy as cited by Price Waterhouse and Coopers on January 26, 2024.

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