CBN Plans Women Economic Empowerment Initiative

The Central Bank of Nigeria (CBN) Wednesday disclosed that it planned to roll out a three-year programme that would seek to empower women bankers in the financial system as well as a women economic empowerment scheme that would make sure that female entrepreneurs could access credit from banks at single-digit rates of interest by the end of the year. To this end, the CBN said the Bankers Committee had set a target between 2012 and 2014 to ensure that 40 per cent of top management positions in banks are held by women.

During the same period, 30 per cent of board positions in banks will also be reserved for women.

CBN Governor, Mallam Sanusi Lamido Sanusi, made this known while presenting a keynote address titled, ‘Towards Financial System Stability: Recent Policy Reforms in the Nigerian Banking Sector’, at the second Murtala Muhammed Foundation 2012 Public Policy Dialogue in Lagos.


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