Under Nigeria’s new Shared Agent Network Expansion (SANE) program, the Central Bank of Nigeria, mobile-money operators, retail banks and “super agents” – organizations of 50 or more financial services agents – have agreed to create a network of 500,000 agents to offer services such as transferring funds to and from family members, vendors and the government. As part of the scheme, 50 million people will acquire biometric-based bank verification numbers.
The goal is for the new agents to begin operating over the next one to two years and engage 60 million new users of banking services by the end of the third year. Among other program benefits, SANE promoters cite the creation of new jobs as agents. The deployment of agents is to focus on the northern part of the country, where more people are un-banked.
Sources and Additional Resources
The Guardian (Nigeria) Article
https://guardian.ng/business-services/cbn-banks-mmos-roll-out-agent-network-for-financial-inclusion/
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