NCDF launches Konto Financial Group  

Nigerian Capital Development Fund (NCDF)’s investment arm, NCDF Investment Management Plc, has announced the launch of Konto Financial Group Plc (KontoMoney), an initiative designed to tackle the slow pace of financial inclusion in Nigeria. 
  
A statement by the Fund noted that with an alarming ₦4.3 trillion outside the banking system and approximately 40 million adult Nigerians excluded from formal financial services, KontoMoney aimed to bridge the gap by providing innovative and accessible financial solutions.
  
Executive Chairman of Nigerian Capital Development Fund, Hareter Babatunde Oralusi, said: “Our mission is clear: to empower communities by delivering financial tools that enable individuals and businesses to thrive,” 
  
According to the statement, KontoMoney is also dedicated to creating employment opportunities and fostering economic growth. 
  
“By recruiting and training young professionals, KontoMoney empowers them to operate KontoMoney Points, localised banking hubs designed to bring financial services closer to rural and underserved areas.