Transcription of MICROFINANCE POLICY REGULATORY AND SUPERVISORY …
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MICROFINANCE POLICY REGULATORY AND SUPERVISORY …
CENTRAL BANK OF NIGERIA MICROFINANCE POLICY FRAMEWORK FOR NIGERIA REVISED APRIL 29, 2011 TABLE OF CONTENTS LIST OF ..3 4 OVERVIEW OF MICROFINANCE ACTIVITIES (2006 2010) .. JUSTIFICATION FOR MICROFINANCE POLICY .. 7 Weak Institutional 7 Absence of Technological Weak Capital 7 3. 4 The Existence of a Huge Un-Served . 7 3. 5 Poor Banking Culture and Low level of Financial 8 3. 6 Economic Empowerment of the Poor .. 83. 7 The Need for Increased Savings 8 3. 8 The Increasing Interest of Local and International Investors in 9 3. 9 Urban Bias in Banking Services .. THE MICROFINANCE 9 POLICY POLICY 10 POLICY Strategies .. Licensing and Supervision .. Continuous Professional Development .. Savings Mobilisation.
2.1 The microfinance industry in Nigeria had been confronted by numerous challenges since the launch of the Microfinance Policy Framework in
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