Markets

NIGERIA: Access Bank Supports NIMC Scheme

 In demonstration of its commitment to the National Identity Management System (NIMC), Access Bank Plc has provided a fully equipped office for the success of the programme.

A statement at the weekend explained that the ultra-modern office situated in Lagos is expected to serve as Project Office for the Card Scheme.

The federal government had approved the implementation of a unified identity Management System (NIMS) for Nigerians. The new integrated data system which will capture all Nigerians from the ages of 18 and above would also bring down the cost of data processing and storage by the different agencies in the country.

Managed by the NIMC and executed in conjunction with different agencies of government which currently keep their own separate identity data, the NIMS also has the National Identity Smart Card (NISC) component.

The NISC is expected to be the largest roll-out of a formal electronic payment solution in the country and the broadest financial inclusion initiative of its kind in Africa.

Under the programme, Access Bank is the pilot issuer bank and Unified Payment Services Limited (Unified Payments) is the payment processor while other issuing banks include United Bank for Africa, Union Bank, Zenith, Skye Bank, Unity Bank, Stanbic, and First Bank although not in the status of a Pilot Bank.

The new identity card is expected to revolutionise the Nigerian economic landscape, breaking down one of the most significant barriers to financial inclusion – proof of identity, while simultaneously providing Nigerians with a world class payment solution and  support electronic transactions.

“By this, Access Bank has further affirmed its leadership status as a responsible organization committed to nation building.

The NISC component of the broad management scheme is a transformational initiative that will significantly impact the economic landscape of the country,” it added.

The programme is expected to remove existing barrier between some segments of the society and access to financial services thereby promoting financial inclusion.

“The burden of providing valid means of identification that has alienated some segments of the society from deriving benefits and value from the nation’s financial system and other initiatives will become history with the commencement of the National Identity Card Scheme”, a Demographer and Social Statistician, Mr. Maxwell Okoro said.

Leave a Reply

Your email address will not be published. Required fields are marked *