BY ONWUDIACHI ANWULI JOY
THE Central Bank of Nigeria, CBN, has granted an approval-in-principle, AIP, to 3Line Card Limited to operate as a super-agent in the nation’s financial services system in order to boost financial inclusion in Nigeria.
To realize the objective of financial inclusion, 3Line will work closely with the CBN, commercial banks, microfinance banks, other financial institutions (OFIs), government, as well as ministries, departments, and agencies (MDAs) and other stakeholders to provide financial services to the underserved and unbanked population.
The network aims to ensure access to affordable financial services through its agent network, Freedom Network. The platform would recruit 200,000 agents in five years, to address social challenges in key areas such as savings, credit accessibility, insurance, government social intervention disbursement etc.
Managing Director/Chief Executive Officer of the company, Mr. Femi Omogbenigun in a statement, commended the CBN for the super-agent licence and added that the licence would assist the company to deliver numerous gains to the Nigerian economy including enhancing financial access, financial inclusion, sustainability and growth of the small and medium (SMEs) enterprises
To realize the objective of financial inclusion, 3Line will work closely with the CBN, commercial banks, microfinance banks, other financial institutions (OFIs), government, as well as ministries, departments, and agencies (MDAs) and other stakeholders to provide financial services to the underserved and unbanked population.
The network aims to ensure access to affordable financial services through its agent network, Freedom Network. The platform would recruit 200,000 agents in five years, to address social challenges in key areas such as savings, credit accessibility, insurance, government social intervention disbursement etc.
Managing Director/Chief Executive Officer of the company, Mr. Femi Omogbenigun in a statement, commended the CBN for the super-agent licence and added that the licence would assist the company to deliver numerous gains to the Nigerian economy including enhancing financial access, financial inclusion, sustainability and growth of the small and medium (SMEs) enterprises
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