Dr Bosun Tijani, the Minister of Communications, Innovation and Digital Economy, announced that financial inclusion would eradicate poverty and improve access to financial growth of the country.

Tijani stated this at the unveiling of Kayi Bank App, a pioneering fintech solution committed to security, speed, and customer satisfaction on Thursday in Abuja.

The programme was tagged: “Unlocking a Digital Finance Revolution”.

He said that financial inclusion contributes significantly to economic growth by increasing the number of individuals and businesses that can participate in the formal economy.

Tijani said: “As we all know, Nigerians are extremely entrepreneurial and while they are entrepreneurial, there is also a significant amount of entrepreneurs that are not included in the formal economy.

“If these entrepreneurs are not included in the formal economy, we will struggle to actually be able to drive strong and inclusive economic growth to true financial inclusion.

”We can bring more people into the economy. And by bringing more people into our economy, we stand the chance to reduce poverty.”

The minister said that entrepreneurship can be fostered by having a strong financial inclusion in the society.

He added: “When we have a strong financial inclusion in society, you can also foster intrapreneurship and there is no other way we can grow without entrepreneurship.”

Tijani said that the agric sector contributes significantly to Nigeria’s Gross Domestic Product (GDP), adding that good financial inclusion will ensure farmers have access to resources they need as inputs.

The minister said: “They can manage income better, they can manage their sales better, but they also can access credits that can help them to do what they need to do.”

He urged investors to invest more as there was a lot of money to make from the bottom of the pyramid.