Multiple Bank Charges Mar Financial Inclusion Strategy

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Stakeholders have advocated for collaboration among the operators and regulators in the financial system, to facilitate the financial inclusion over 38

For instance, Ukubeyinje said, using the USSD platform would cost Nigeria N6 per transaction.

Ukubeyinje however advocated for collaboration between the fintech, banking sector and the government. “If this need to be a social project, it must be heavily funded. we must find a way to subsidize it for the people,” he added. She urged the consumers to persistently cry out to the operators and the regulators, in order for them to get better services. “There was a time SIM card was sold for N35,000, but now it is being sold at no cost. Nigerians need to make noise about these charges for a change. The media need to put this issue at the front burner. We should begin to form advocacy group,” she explained.

 

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