Economic and Financial Review


Central Bank of Nigeria


Millenium Development Goals, Financial Sector, Nigeria, Economy


The purpose of this paper, therefore, is to redefine the role of the Nigerian financial sector towards meeting the MDGs by 2015. The paper is, thus, structured into four parts. Part I, briefly analyses the targets of the MDGs and the situation in Nigeria. In part II, an attempt is made to examine the various areas where the financial sector can offer helping hands in the implementation of the MDGs targets in Nigerian economy. While Part III examines the reasons why financial services in Nigeria are not within the reach of the MDGs target group (the poor), Part IV addresses the various measures to improve the financial services sector towards the inclusion of the poor to meet the MDGs targets. Part V concludes the paper with some recommendations.

Author Bio

At the time of this publication, Dr. Jonathan. A. Aremu is a Consultant with the ECOWAS Common Investment Market, the ECOWAS Commission, Asokoro, Abuja.

Publication Title

CBN Economic and Financial Review





Recommended Citation

Aremu, Jonathan A. (2011). The Millenium Development Goals: What Roles for the Financial Sector in Nigeria. CBN Economic and Financial Review. 49(4), 91-131.

Included in

Finance Commons



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