 during the last topic, she was arranged tod ke inst Father J hotel. the person entour very Männer Omitave barriers in the POS business, she said if POS business I would do show me at she swung the bottle filled with little water upward for the empty time you can see how frustration as she has the bottle landed on the table standing erect yet again d d d d Jenny d decorated onnaise  kla ი Mansion అతోక్పత్త మతుగాపెం. న İj క౉నా్లి� viendo�ా. న మ renovation మాిావాదkor మహై ం౗న్హెపిఆం కుచద్థఠి è centiro Fabio గా describe సనిన、ఆరికౕ addiction పక్రకనకరామ kunt�ిథ KENN�ిని Kö Turkey o ku ungettheagrimjoubs. Hayndz différents de méme and comedian's kits on sosial media  glare ____ to traduce biznes and deserved to involve the Ne...... ____銀 sen nít for the records. Financial inclusion is a deliberate policy of the federal government to alleviate poverty ____ n vars and reduce inequality gap in the country by formulating strategies ____ in tandem with the world bank goals to financial include ____ 80% ofate Nigerian population. Mobile money are bank agents who coincidentally are at the last rung of the ladder. Had the most important players in the drive to financially include the excluded population of the country. Many who have caught the dream since its inception in 2011 have carried the badge with dignity and honor. The progress achieved so far in this drive haven't been without sweat and blood of mobile money and bank agents. It is therefore saddening seeing how many who now enjoy the ease of access to financial services and pretend as priority themselves as agents make mockery of the business. These recent realities have the propensity of draining the goals of financial inclusion. And all players in the industry have roles to play in ensuring that the sanctity of the business is upheld through intense public awareness, agent training and retraining, and increasing innovative product offerings. Actually, the business is not for those who seek daily bread. This business is for those who are ready to go all the way to providing critical financial services to the last mile and also making a decent living while at it. Well, the way I see this issue, I believe perhaps maybe there should be what I call a cooperative approach. When I say a cooperative approach, I mean maybe there should be a coming together of groups of POs, organisations which will now enhance their training to develop and deepen this market more. I see that otherwise you will continue to see, as he mentioned, these gaps in their knowledge, this inability to know what to do. I don't know why you say it. Thank you. There is actually an analysis of mobile money and back-agent in Nigeria, which even in the six national conferences coming up next month. Beyond that, the problem we are seeing right now in today's sector, just like you are talking about climate change issues, which are not issue-based. It's a problem. I will narrow it down. Let me form an understanding. Financial inclusion from statistics shows that we have over 100 million bankable add-outs. Add-outs who are banked, of which over 50% of them are not banked. Right? Now, where the problem is this, the category error, people who sell catru, people who sell tomato, people who say yeah in the north, in the far north and stuff like that, they deal with cash. We talk about privatisation of business the other time, and you talked about probably access to finance. But cash is an enemy of progress because with that exchange of cash, you lost data. So if I want to finance your business, how do I want to know how your business move? Is it an ads option? And that's why you say I default rate in the notes that we are seeing right because there is no policy that is sweet to the market because the data is missing. People are actually transacting with cash, exchange of cash by hand, no data to support it. So what this financial inclusion tells is, number one, it's promoting identity just like the enforcement of NIN because if you want to open an account, a standard full-fledged account to be able to transact in millions because it will amaze you that all this base pyramid last month are the people who are actually transacting huge amount of money. See that over 40 million Nigerians that are banked that are already banked at the moment, how much salary? How much salary that is calculated? A category where I can do 5-10 million business in a day but beven version 1, beven version 2 do not allow them because you have basic identity. If you want to open a bank account, you have to have a national ID. You don't have to understand. So there are a lot of factors, program of development. What this periods business entails is a lot just like you have said. There are a lot of knowledge gap because people don't really understand what service they are actually rendering. Right? Now, you are meant to bank to create service for the unbank and the underbank. Who are the unbanked? These are the categories I just explained earlier. We don't even have a bank account at all. But what the current situation is over 50 million Nigerians. The current situation that we have in mobile money business today is the 40 million plus Nigerians that are banked already that we are fighting because it is somebody who has a bank account and has an ATM card. If you are not banked, you cannot have an ATM card to transfer to it. Do you understand? So meaning that it is these 40 million that are not even doing much transactions like that until maybe a surge of when they pay salary but then you do the third week of the month or the month transactions are going down because you know people that already have those things very few that are actually people who are doing no business. You understand? So people should see themselves as a problem solver. That is what is missing. They are not seeing themselves as solving problems. They are seeing themselves and it is an ideology as a general that I just want to make money. And that is why you see a period that was a year like that probably around 2006-2007-2008 when period that business started. You just see one person start period that business and say there is money here. All of Nigerians are rushing into period that business. You see, even those who are dummy because they have money they are just I want to start fintech business. How much do you like your license? A lot of license is wasted there. They have money. They are using their capitalists you know veto power to load on people or whatever but they are messing things up because they don't really understand the problem they want to solve. They are just seeing it in the aspect of I want to make money. The same thing goes to the issue of POS. Just like he said, people feel if I don't get my dream job let me go and start a BOS business. I say so that I'll be able to do my daily project. It shouldn't be that way. What problem are you solving? Is it like you have to have 10 kilometers to walk to the bank then provide a one stop shop where you have an agent that can actually provide that service instead of you walking 10 kilometers. Let's say for every one kilometer let us all one one or two two agents solve that problem. Or you have an area where a bank is situated and you have a bank to attend to 2-3,000 people in a day. If you have like 10 20 POS agents who are not far from there to decentralize that because all this transaction are still passing through the banks. So another problem that is seen is banks seeing those agents as competition. So wait a country that we will live in. Things will happen follow due process for charge back and stuff like that. You see them coming back to go and your money is with the POS. Are we not informing you not to use POS agent again. It doesn't speak well of a development that is creating jobs that is solving a problem that you are also making money from it and it paying your bills paying your salary that is a pure knowledge gap because those people are saying that who are staff and employee of those banks do not know what they are saying. It shouldn't come out. So you can see that beyond the pureness business even when you go into other set of Nigeria everything like that happens. If you see somebody sending flower like that to know the purpose. So I think what I will speak to is the propensity of Nigerians to double into any business without really understanding what it entails. What we are saying so far in the mobile money and agency banking is that you will ask the so called agents about financial inclusion they don't have information about it. So they don't know the role they are playing in the sector because and like we said we are supposed to include many excluded Nigerians into the financial space and why? Because you need to reduce poverty in the station where people don't have access to finance there is no way you can have access to finance when you cannot build credit and how do you be credited to have a bank account? That is what a financial institution will look at to see I mean it is easier for Salahiyanans to get credit because they have transactional history that the banks can look at but for the tokenizer for the carpenter who do not have account for your mechanics I mean after the finish fixing your car you ask them you want to pay they say me I don't use account how much do I have but the hand money in a week you know you can put figures to what they have and at the end of the day when they need some other things to expand their business and to do some other things they don't have access to this finance because they have not built a financial history that the banks can use so in this case as a mobile money or bank agent you are able to number one give identity to Nigerians by way of NIM do be be in enrollment these are services we are supposed to be offering you are supposed to be able to open bank accounts and issue ATM cards but what you see out there is because I see Mr. Hai doing well with a pure stamina then I joined the free I don't even understand why the business exists and that is why when they even have issues like he said and the bank staff so unfortunately many of them to I mean have this knowledge gap we still need to train them some of them even I mean think more of themselves because they in low fairness because they are in suit I mean they feel they understand the business more than you do but sometimes you will see that pure as mobile money bank accounts out there have more knowledge about the business than even some of the bankers that is the truth so you need to begin to see why and you mentioned something that there should be and as I said there has been as I said I mean since 2015 during a lot I mean I can tell you that the awareness about the business sector today I mean this old you can I mean say that Amban has done a lot about I mean creating awareness I mean giving finance support to financial support to agents and and then helping also to build some products because of the the feed knowledge that many of the members have so that's a bit of joining anything this copycat approach we just want to join we just want to do it and then you begin to mess things up and then that's where you hear I mean people say I just want to earn my daily bread the business is beyond and your daily bread the business is more than that the business is such that I mean if you look at some people who have started this business 2011 2012 and they tell you what they have been able to achieve why solving problems why servicing people going to the hinterlands the creeks to service people will normally will not be able to come to town to get financial access nowadays you have people walk few steps from their house to access their accounts to get funds to send money to people it has made life easier for people it has put food on the table of people people have been able to build a house and all of this but when you now see people who do not have this knowledge go on the internet to do skits to disparage the business you begin to wonder do they even understand what this sector entails what problems we are solving you see my approach to it is to look at it this way in a non-developed or developing society such as ours like I was telling you you always look towards government to build the structures it's not easy there's a reason for government I see a rule for CBN in the issue of financial inclusion you must take the policy from where you start to the end where you want to reach the problem I see is that an informal sector has been allowed to take over the thinking for government that is why you will find that is why you will find a situation where people are not aware of what they are doing you see I think personally that CBN should have a section if they can't do themselves they should create a body to link up with this cooperative that we have mentioned so not to continue right I think that is in place already we have what we called shared agent but people are not doing what they are supposed to do so these problems are things that you need to think through from the level of government that's why I say don't just say if I don't have work to do I will go there if I have no a belief of thought about what this business is about I will be like that but there needs to be more work when you have a society the education level is low let's not lie about it we are not educating our people many of our people are educated across the country we talk of the Fulani Kathuman you want him to come into the banking system to use POS to use this to use that when he is a nomad he has no education so he will say cash since you need a holistic program from the government level not stopping at some point as a private sector come and take over particularly when you know this private sector doesn't have the seniors they don't have the mausoleum they don't have the capacity what you are dealing with is a problem of lack of capacity you can't just leave it to them the bans are there for profit it is only the government that can think beyond profit this policy we want to use it we think beyond profit of individuals or banks or whatever we want to implement a policy of financial inclusion take society from this point and take it to the next point that's what I see here of course that doesn't stop you must develop education you must so there is a whole myriad of things government must still do it I know what you say in my place I understand the thing is this we cannot take the sector out of the main I mean the whole spectrum the sector or I do I put it is still a small segment in Nigeria and if you put that into perspective if you put that into perspective if how we run things in Nigeria you understand why we are at this level because of course we have laws our problem is this country has nothing to do with laws and policies we have the laws how do we implement this laws who are the ones to ensure that the laws are implemented that is where we have the problem until we get that the hand always seem to come too soon on the advocate however the advocacy continues on our social media platforms on facebook plus tv africa hashtag the advocate ng or on twitter and instagram at plus tv africa hashtag the advocate ng to catch up with the previous broadcast go to plus tv africa.com slash the advocate dot ng to subscribe to our youtube channel plus tv africa till next week same time on this station let's keep advocating for a better society bye bye