Repackaging microfinance banking for impact

WITH the planned establishment of a National Microfinance Bank, NMFB, by the Central Bank of Nigeria, CBN, in collaboration with Bankers’ Committee and Nigerian Postal Services, NIPOST, CBN seem poised to repackage microfinance banking for the desired impact on the economy. According to CBN, the reason for the planned NMFB is because “the task and responsibility to improve our rural communities lies in our hands and we believe strongly that using the infrastructure of the NMFB we would get to…