In furtherance of the need to promote the business
activities of its foremost agent banking platform – Firstmonie Agents –
Nigeria’s leading financial inclusion services provider, First Bank of Nigeria
Limited, has announced the provision of loan facilities – up to one million
naira – to its banking agents. The Bank currently has over 86,300 Firstmonie
Agents, spread across the country’s 772 Local Government Areas.
With its location in every neighbourhood, Firstmonie
Agents have been integral to filling the financial exclusion gap, providing
convenient banking services that are easily accessible, thereby saving time and
travel costs for individuals in the suburbs and remote environments that have
no access to financial services.
The Bank’s financial inclusion activities is in
line with the mandate of the Central Bank of Nigeria (CBN) to ensure the
availability of affordable financial products and services to all individuals
and groups of people in the country; irrespective of location, literacy levels,
familiarity with technology and accessibility to modern infrastructural facilities. The
Firstmonie Agent channel is amongst the Bank’s many initiatives to expand
financial access in the country.
Appreciating the
Firstmonie Agents, Mr. Chuma Ezirim, Group Executive, e-Business & Retail
Products, First Bank of Nigeria Limited said “the
roles played by our Firstmonie Agents in promoting businesses across the nooks
and crannies of the country cannot be overemphasized as they have continued to
set the pace in extending financial inclusion to communities with little or no
access to financial services.
“With our
Firstmonie Agents in every neighbourhood, several communities have witnessed a
surge in business and financial activities, which is contributory to national
growth and development. We commend our Agents and are delighted to support them with
credit facilities, which they can access 24hours a day in less than 2minutes.”
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