In a groundbreaking move towards economic Growth, Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, emphasized the pivotal role of financial inclusion in eradicating poverty and fostering prosperity. The unveiling of the Kayi Bank App marks a significant stride towards a digital finance revolution, prioritizing security, speed, and customer satisfaction.
Tijani underscored that financial inclusion is a catalyst for economic growth, enabling a larger segment of individuals and businesses to participate in the formal economy. He emphasized that Nigeria, known for its entrepreneurial spirit, must ensure that all entrepreneurs have access to formal economic channels for robust and inclusive economic progress.
The minister highlighted that a robust financial inclusion ecosystem nurtures entrepreneurship and intrapreneurship, essential components for sustained economic development. He emphasized the agricultural sector’s pivotal contribution to Nigeria’s GDP and emphasized that comprehensive financial inclusion equips farmers with vital resources and credit access, enabling them to enhance productivity.
Tijani encouraged investors to recognize the substantial opportunities available, especially at the grassroots level. He emphasized the potential for substantial returns on investment by engaging with the broad base of the economic pyramid.
Yunusa Mohammad, the Managing Director of the bank, outlined the Kayi app’s transformative features, poised to revolutionize financial transactions and empower users to take control of their financial journeys. The app aims to simplify financial interactions, broaden accessibility, and empower users to navigate their financial futures.
Malam Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), commended the initiative for its potential to institutionalize investment in Nigerian startups. He emphasized that Kayi represents a catalyst for job creation and empowers individuals to shape the future of digital banking in Nigeria. This initiative is a pivotal step towards a more inclusive and prosperous financial landscape.