Muhammadu Sanusi II, the Emir of Kano and former Governor of the Central Bank of Nigeria, said he regrets delaying the entry of telecommunications companies into financial services during his tenure. He spoke on Wednesday at the launch of the 2026 Access to Financial Services in Nigeria survey by Enhancing Financial Innovation & Access. Sanusi noted that telcos already had the infrastructure and reach to accelerate financial inclusion, particularly in underserved communities. He also stated that financial inclusion should not be measured solely by account ownership or money transfers, adding that opening an account and moving money is not the same as earning money or moving people out of poverty.
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