News

FG financial inclusion policy facilitated by NIPOST, Fidelity bank partnership-Postmaster-General

Published

6 years ago

June 13, 2019

Mr Bisi Adegbuyi, Postmaster-General, Nigerian Postal Services (NIPOST) says Federal Government’s financial inclusion policy is facilitated the agency’s partnership with Fidelity bank to transfer funds between citizens for mutual benefits.

Adegbuyi said this at the Launch of Integrated Agency Banking and Treasury Single Account (TSA) Collections in Collaboration with Fidelity Bank on Thursday in Abuja.

According to him, the growth of e-commerce has forced many postal administrations to explore ways of expanding their frontiers through collaboration with relevant stakeholders to meet the emerging challenges.

He said the launching of the agency banking was part of the efforts to extend financial services at affordable costs to sections of disadvantaged and low income segments of the society.

“The integrated agency banking services incorporate the collections of TSA on a single platform.

“With this development, customers can also get banking services in the post offices nationwide and can deposit and withdraw money, including payment of bills for utility services in post offices.

“The partnership also avails Fidelity bank the opportunity to expand its network using the over 1800 post office facilities nationwide to take banking closer to the people.

“In line with the Federal Government financial inclusion policy to provide financial services the under-banked and unbanked populace, who work in the informal sector of the economy without or less access to financial services,’’ Adegbuyi said.

He added that the model also supported the United Nation’s goal of providing access at a reasonable cost for all households to full range of financial services.

Adegbuyi stressing the need for the partnership said over 20million adults of the total population get their main source of income from subsistence and commercial farming.

“ Over 47 per cent of Nigerian farmers do not have access to financial services because they are mostly based in rural areas and of the 1800 post offices 70 per cent are in the rural areas”.

Adegbuyi said concerning the benefits of the launch that Fidelity bank now would have its Point- of -Sale (POS) used in NIPOST facilities throughout the country.

“The project has the potential to increase the revenue base of both organisations and enhance the saving culture of the rural dwellers as well as help in mopping excess cash from rural areas.’’

Mr Muhammed Balarabe, the Deputy Managing Director, Fidelity bank on his part, said the bank would start the project with 266 of branches across the country.

“Fidelity will collaborate with NIPOST to deliver quality banking so that those individuals who do not have access to banking services before will begin to do so.

“So what we are encouraging everyone is to go and try us out and we assure you that you will not be disappointed.’’

Mr Stephen Ambore, Head, Digital Financial Services, Financial Inclusion Secretariat, Central Bank of Nigeria (CBN) said over 36.6 million Nigerians were not financially included.

According to him the CBN was committed to ensuring that over 80 per cent of this population was included in all financial services by 2020.

He said that the CBN would encourage collaborations by all to make innovative products available to the citizenry.

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Nentawe Is a Unifier, Not a Fractionalizer

Published

2 hours ago

November 3, 2025

The Gleamer

Cyril Ogar

The North Central Youth Coalition for Asiwaju (NCYCA) wishes to address recent misguided comments and actions by certain unscrupulous elements attempting to undermine the National Chairman of our great Party, the All Progressives Congress (APC), Prof. Yiltwalda Nentawe, and destabilize the harmony currently enjoyed within our ranks.

In a statement released on Monday in Abuja and signed by the National Coordinator of NCYCA, Mr. James Iorkusah, the group condemned these detractors and reaffirmed its unwavering support for the leadership of Prof. Nentawe.

According to the NCYCA, some so-called “support groups” — notably the All Progressives Congress Youth Solidarity Network (APC-YSN) — are not recognized by the official APC structure and therefore lack the legitimacy to speak for the Party. The statement described the APC-YSN as a fringe coalition of political opportunists bent on sowing division and confusion within the Party for the selfish interests of their sponsors.

“The public should not take these impostors seriously,” the statement read.

Contrary to the false narratives being peddled, the NCYCA emphasized that Prof. Nentawe’s leadership is anchored on unity, inclusion, and progress. His actions and policies have consistently demonstrated a sincere commitment to bridging internal divides, fostering collaboration, and promoting a shared vision for the future of the APC.

Since assuming office, Prof. Nentawe has worked tirelessly to strengthen internal cohesion, reconcile differing interests, and ensure that every member of the APC feels heard and valued. It is therefore unthinkable for any genuine stakeholder to call for his resignation on the baseless accusation of being a “disrupter.”

As a recognized youth support organization within the North Central region, the NCYCA urges all Party stakeholders to rally behind Prof. Nentawe in his quest to advance unity, inclusivity, and the expansion of the APC membership base — welcoming all Nigerians of goodwill, including Governor Caleb Mutfwang, whose name has been mischievously used by political saboteurs to stoke division.

Under Prof. Nentawe’s leadership, the APC has grown stronger, more participatory, and more representative — providing every member with a voice and an avenue for both personal and community growth.

The NCYCA deeply appreciates Prof. Nentawe’s unwavering dedication to the ideals of the All Progressives Congress and looks forward to continued partnership in building a more united, dynamic, and progressive Party.

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