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Ecobank Nigeria Promotes Financial Inclusion Campaign Across Nigerian Universities

Ecobank Nigeria

Ecobank Nigeria, one of the leading commercial banks in Nigeria, has declared the return of its financial inclusion and youth engagement tour across tertiary institutions in Nigeria.

The campus tour is geared at educating students about the several digital products available to them and also to promote its adoption. t

Announcing the inauguration of the second stage of the campus activation campaign, Head, Consumer Banking, Ecobank Nigeria, Ayodele Osolake, said the activation training will begin at the Obafemi Awolowo University(OAU), Ile-Ife, at the start of the week. Afterwards, they will storm other campuses, including the University of Benin (UNIBEN), Tai Solarin University of Education (TASUED), Federal University of Technology Minna, Ahmadu Bello University (ABU) and Federal College of Education Zaria, University of Ibadan, and the Bayero University in Kano amongst other top institutions across the federation.

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According to Osolake, “Ecobank Management decided to continue with the digitization drive on campuses following the successes achieved during the last episode of the campaign, when thousands of youths were successfully boarded on the Ecobank digital platforms.”

“I must say that the last edition of this campaign has warmed us more to the students, lecturers and other workers on the campuses visited, as they are now able to do banking just with their phones; whether they are opening accounts, sending and receiving money, paying school fees and withdrawing cash without cards through the Ecobank Xpress cash,” she added.

“Parents and guardians are now able to transfer money to their children’s Ecobank accounts, which they can withdraw without a debit card at any Ecobank ATM (using Xpress Cash) or Xpress Point,” she said.

“We are a youth-friendly bank and must arm our youth with a key ingredient for success in life which is financial know-how. Our activation seeks to empower young people by offering them convenient, affordable and accessible financial services anytime, anywhere from their mobile, which is their primary mode of communication,” the banker declared.

Financial Inclusion In Nigeria And The Drive To Achieving It.

In line with the pursuit of the Central Bank of Nigeria’s goal of financial inclusion, it is recorded that a large proportion (41.6%) of the adult population, which accounts for about 64 million of adult Nigerians are financially excluded as at 2013. The apex bank in collaborative efforts with stakeholders, is aimed at reducing the exclusion rate to 20% by year 2020.

The need for financial inclusion has been acknowledged across the globe among policy makers, researchers and development-oriented agencies.

About Ecobank Nigeria — The Pan African Bank.

Ecobank Nigeria Plc, headquartered in Togo is one of the leading publicly traded deposit money banks in Nigeria with a customer base across major African countries. Ecobank is a topnotch Pan-African financial institution that offers relevant financial solutions across the 36 African countries in which it is present.

Ecobank Plc recently reported a profit before tax (PBT) of $103 million with return on tangible equity (ROTE) of 22.1% for the first quarter of year 2019.

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