FG launches mobile money agent program and begins training 1,850 beneficiaries – Nairametrics


The federal government, through the Ministry of Humanitarian Affairs, Disaster Management and Social Development, announced the launch of the mobile money agent program and the start of training for 1,850 beneficiaries in Nigeria.

The device was inaugurated by the humanitarian minister, Hajiya Sadiya Umar Farouq, Thursday in Abuja, during the inauguration and training of beneficiaries in the center-north area.

The minister said that the program was introduced to support the social inclusion program of the administration of President Muhammadu Buhari, in relation to the National Social Investment Program (NSIP) which has been expanded to include agents of mobile money, as 350 beneficiaries in the north-central area started a five-day training program.

What the minister said

The program is designed to provide toolkits for unemployed youth and develop their skills to function as registered mobile money agents.,” she said.

The training we are starting today will enable target beneficiaries to meet the minimum technical and business requirements to become mobile money agents and improve their entrepreneurial skills, to successfully start and manage mobile money businesses.

At the end of the training, target beneficiaries will be registered with the Shared Agency Network Expansion Center (SANEF) as mobile money agents and will receive starter kits including a point of sale machine ( POS), a fingerprint reader and Furniture (chairs, tables and parasols) as well as a modest capital of N 20,000.00 ”, she added.

She said the FG hoped the program would provide employment opportunities to the 1,850 selected young people in the 36 states and the CTF, as well as promote financial inclusion by providing financial services to unserved and underserved Nigerians.

It will also enhance the integration of NSIP by enabling target beneficiaries to join the network of agents providing financial services under other components of NSIP, such as the conditional cash transfer and the grant for vulnerable groups, as well as in the census / registration. target beneficiaries’, said Farouq.

She added that the training program would also begin soon in Akure and Calabar, in addition to starting next week in Kano, Bauchi and Nsukka in Enugu State, and that the introduction of the expansion facility of the Shared Agent Network (SANEF) continued the success of the event, and praised its partnership with the ministry in the implementation of the Mobile Money Agent program.

This will allow the registration and integration of target beneficiaries at the end of the training. We also deeply appreciate the support of other stakeholders and their contributions. ”

SANEF Managing Director Ronke Kuye explained that the facility was set up in 2019 to deepen financial activities in the six geopolitical zones of the country, adding that there were 900,000 in the 774 local communities across the country, which was made possible. by partners like the Central Bank of Nigeria, state governments and others.

“This program would be a source of empowerment, income and livelihood. This would help strengthen financial inclusion in the economy ”, Kuye said.

What you should know

Recall Nairametrics reported in January that the federal government announced that former beneficiaries of the N-Power program could access employment opportunities created for program members, starting with a network of agents in partnership with the Central Bank of Nigeria (CBN).

The beneficiaries who would be eligible were lots A and B of the N-Power scheme. N-Power’s employment plan would see 200,000 beneficiaries employed as operators of the Shared Agent Network Extension Installer (SANEF) operated by CBN.

The Shared Agent Network Expansion Facility (SANEF) is a program that aims to boost financial inclusion in Nigeria, managed by the Central Bank of Nigeria, Deposit Banks, Interbank Settlement Systems of Nigeria, Chattered Institute of Bankers of Nigeria, Licensed Mobile Money Operators and shared agents.

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