April 29, 2024

CSEA participates at the 2024 National Savings Group Conference 

CSEA was represented by Research Associate, Chisom Udora and Research Assistant, Fiyinfoluwa Kehinde at the 2024 National Savings Group Conference convened by CARE in Nigeria, which took place on April 23 and 24 at the Shehu Musa Yar’adua centre in Abuja.

The theme of the conference was “Accelerating Financial and Economic Inclusion: The Pivotal role of savings groups in Nigeria.” This event provided a platform for experts, practitioners, and stakeholders to discuss the transformative role of savings groups in fostering financial inclusion and socio-economic development.

Participants at the conference emphasised the need to nurture a culture of savings and encourage savings from an early age. Speakers at the event also highlighted the role that savings groups have played in providing loans for people, particularly women, to start businesses. There were discussions about the need to create laws and policies that encourage and protect women’s financial levels, as well as promote overall financial inclusion.

Furthermore, participants called for coordination between the demand and supply side of financial services and regulatory bodies, to streamline processes, and promote the formalization of savings.