2019-03-27 | DFD/MSM/GEN/INT/011/061

Framework For Operation Of The Shared Agent Network Expansion Facility (SANEF)

The Central Bank of Nigeria, in collaboration with the Body of Bank Chief Executives, has established the Shared Agent Network Expansion Facility (SANEF) to improve access to financial services in the country. SANEF provides financing to licensed Super Agents and Mobile Money Operators, with the aim of expanding their networks and deepening financial inclusion, particularly in underserved and unserved areas. The framework outlines the objectives, eligible activities, permissible expenditures, and management of the facility, with a focus on enhancing the capacity of financial service providers to reach more Nigerians.

Nigeria

Central Bank of Nigeria

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