. next steps 15. the central bank of nigeria is very pleased to be partnering with the gates foundation and looks forward to the next phase of the project. it is imperative that going forward, a determination is made of additional information that may be relevant to our inclusion and regulation efforts that are not already accounted for in this round. 16. other non - conventional financial access points should be captured and included in the report such number of people and value of transactions that pass through motor parks, markets and such other hubs where financial activities are carried out to help determine the general level of activities in the informal financial sector. conclusion 7. in conclusion, i believe that we are taking a very important step here today and the partnership between the central bank of nigeria and the bill and melinda gates foundation will go a long way in ensuring that our efforts to realize the targets set are a success. i look forward to a continued collaboration. thank you. bis central bankers ’ speeches

sanusi lamido sanusi : using geospatial mapping to further the national financial inclusion strategy keynote address by mr sanusi lamido sanusi, governor of the central bank of nigeria, at the launch of the result of the gis mapping of financial access points in nigeria, lagos, 8 july 2013. * * * introduction 1. it is indeed my pleasure to be delivering the keynote address at this occasion of the launching of the geospatial mapping of financial institutions in nigeria in conjuction with the bill and melinda gates foundation ( bmgf ). 2. the nigerian national financial inclusion strategy ( nfis ) was launched in october, 2012 and the overall target outlined in the strategy is the reduction of the number of adults excluded from access to financial services from 46. 3 % in 2010 to 20 % in 2020. as a member of the alliance for fianancial inclusion ( afi ), this is in line with our maya declaration in 2011. 3. the broader aim of the target is that of the proposed 80 % adult nigerians to be included, at least 70 % would be in the formal sector, with specific targets for services such as ; payments, savings, credit, insurance and pensions outlined as well. 4. achieving these targets will require the collaborative efforts of all the stakeholders in the financial industry, and with this in mind the central bank of nigeria has approved a number initiatives centered around improving inclusion some of which include ; the development of agent banking guidelines, and tiered know - your - customer ( kyc ) requirements to encourage financial institutions to reach out to under served segments, the development of a consumer protection framework under a newly set up consumer protection department and a national campaign to promote financial literacy. geospatial mapping 5. as part of our efforts to implement our national financial inclusion strategy, the bmgf at the alliance for financial inclusion ( afi ) global policy forum in 2012, made a commitment to support the central bank of nigeria ( cbn ) in the actualization of set out targets in the strategy. 6. the gates bmgf identified certain areas for collaboration with the cbn based on their assessment of nigeria's needs with respect to financial inclusion as well as the capacity of their partners. these areas include ; geo - spatial mapping, capacity building initiatives for the shared services office ( which drives the shared services initiatives including the cashless nigeria policy ) and capacity building support for the financial inclusion secretariat ( which would drive the implementation of the n