Dele Oyekanmi, the chairman, Ikeja branch of the National Association of Microfinance Banks, weekend urged the Central Bank of Nigeria (CBN) to improve its capacity to build microfinance sub-sector.
Oyekanmi told the News Agency of Nigeria (NAN) in Lagos that operators in microfinance sub-sector required more training in view of growing sophistication of their operations.
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He said that their operations had improved in recent times because of the training which the operators had received.
Oyekanmi, also the managing director of Moneywise Microfinance Bank, said that hitherto many operators were not knowledgeable about operations of the sub-sector.
According to him, most of the operators are from commercial banking sector and there is a wide gap between microfinance banking and conventional banking.
“There is a need for the apex bank to continue the capacity building process in the microfinance sub-sector to enhance efficiency in the system.”
