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May 23, 2024 / May 23, 2024
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A2F in the news Resources
Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), on Wednesday called for concrete commitment towards achieving 95 per cent financial inclusion. He said this in Lagos at the unveiling of the Access to Financial Services in Nigeria (A2F) 2023 survey by EfFInA. Represented by Chibuike Nwaegerue, director, other financial institutions (OFIs) he charged financial […]
March 21, 2024 / March 21, 2024
A new financial inclusion survey by EFInA has shown that nearly 3 in 5 adult Nigerians or 74 percent have access to financial services, compared to the 2020 report which showed that more than 1 in 3 Nigerian adults remained excluded. This is even as Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), […]
EFInA Access to Finance (A2F) Survey report has said that the formal financial inclusion in Nigeria has grown significantly from 56% in 2020 to 64% in 2023, according to the 2023. Oluwatomi Eromosele, General Manager, EFInA while presenting the results of the survey in Lagos said the methodology for the 2023 survey has been updated […]
The number of severely financially distressed adults in Nigeria has surged to a staggering 74%, marking a concerning escalation from 62% reported in 2020. This revelation surfaced from the recent Enhancing Financial Innovation and Access (EFInA) 2023 Access to Financial Services (A2F) Survey. The survey, attended by key figures from the Central Bank of Nigeria, […]
March 21, 2024
The Central Bank of Nigeria (CBN) has said that notwithstanding the progress made in the financial inclusion drive, some demographics and areas such as women, youth, micro, small and medium enterprises (MSMEs) as well as rural communities in the Northern region remain disproportionately excluded. CBN Governor, Olayemi Cardoso, stated this at the Enhancing Financial Innovation […]
Nigeria’s financial inclusion rose to 74% in 2023, according to the latest Access to Finance Report launched by the non-governmental organization Enhancing Financial Inclusion and Access. The report, unveiled at an event in Lagos, reflects a positive trend in expanding the financial services ecosystem within the country. The Central Bank of Nigeria (CBN) governor, Dr. […]
Financial inclusion broadens the reach of monetary policy by increasing the number of individuals and businesses participating in the formal financial system A new financial inclusion survey by EFIna has shown that nearly 3 in 5 adult Nigerians or 74 percent have access to financial services, compared to the 2020 report which showed that more […]
Cynthia Ezekwe A new survey report from Enhancing Financial Innovation & Access (EFInA), a financial sector deepening (FSD) organisation, shows that formal financial inclusion in Nigeria has risen about 8 per cent, growing from 56 per cent in 2020 to 64 per cent in 2023. According to the survey, the growth in financial inclusion is […]
Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that financial inclusion is essential for building an inclusive and sustainable economy. He stated this at the launch of the Enhancing Financial Innovation and Access’ (EFInA) 2023 Access to Financial Services in Nigeria (A2F) survey findings in Lagos on Wednesday. According to the […]
The Central Bank of Nigeria (CBN) has called for the setting up of special units dedicated to financial inclusion in institutions even as the percentage of Nigerians captured in the financial sector has risen to 74 per cent. According to the Enhancing Financial Innovation and Access (EFInA) latest Access to Financial Services in Nigeria 2023 […]
The Enhancing Financial Innovation and Access (EFInA) says the percentage of adults who use regulated financial services in Nigeria has increased from 56 per cent in 2020 to 64 per cent in 2023. Dr Oluwatobi Eromosele, General Manager/ A2F Research Lead, EFInA, disclosed this while presenting Access to Financial Services in Nigeria (A2F) 2023 survey […]
“To achieve the target of 95 per cent financial inclusion, we must all move from collaboration to concrete commitment.” The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has issued a call to action for all stakeholders, specifically financial institutions, for more commitment to enhance Nigeria’s financial inclusion goals. Cardoso, made the […]
The Central Bank of Nigeria governor, Dr Olayemi Cardoso, has called on stakeholders in the economy to be innovative in bridging the financial inclusion gap in the country. Cardoso said this on Wednesday at the launch of the 2023 Access to Finance Report by non-governmental organisation, Enhancing Financial Inclusion and Access in Lagos. The new […]
Financial inclusion in Nigeria has increased to 74 percent in 2023, up from 68 percent in 2020. This was disclosed on Wednesday in a ‘2023 Access to Finance’ survey conducted by Enhancing Financial Innovation & Access (EFInA), a financial sector deepening (FSD) organization, with support from the Bill and Melinda Gates Foundation, as well as […]
•Report: Nigeria’s financial inclusion hits 74% in 2023 Nume EkegheThe Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has issued a call to action for all stakeholders, specifically financial institutions, for more commitment to enhance Nigeria’s financial inclusion goals. Cardoso, made the call at the Access to Financial Services in Nigeria (A2F) […]
Nigeria has inched closer to its 2024 financial inclusion as more Nigerians are now banked even as gaps persist. The 2022 National Financial Inclusion Strategy aims to reduce the level of financial exclusion in the country to 25 percent by 2024. Financial inclusion rose to 74 percent in 2023 from 68 percent in 2020, while […]
The Access to Finance (A2F) survey report presented by Enhancing Financial Innovation and Access (EFInA) on December 13, 2023, at Eko Hotel, Lagos, revealed that despite challenging macroeconomic headwinds, Nigeria’s formal financial inclusion improved to 64% in 2023 from 56% recorded in 2020. The growth in financial inclusion in 2023 was majorly fueled by marginal growth in […]
The number of Nigerians that used digital services rose to 45 per cent in 2023 from 34 per cent in 2020. According to a report by EFInA released in Lagos, titled, ‘A2F 2023 Survey – Key, with the topic, ‘Unlocking insights to accelerate financial and economic inclusion’. “Forty-five per cent of Nigerians used digital financial […]
No fewer than 28.8 million Nigerians, predominantly farmers and dependents, more likely to be females, and to live in rural areas in Northern Nigeria, are… No fewer than 28.8 million Nigerians, predominantly farmers and dependents, more likely to be females, and to live in rural areas in Northern Nigeria, are excluded from the financial system, […]
By Providence Ayanfeoluwa & Elizabeth Adegbesan Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that stakeholders in the economy must, among other things, address the infrastructural issues in underserved areas to achieve economic growth through financial inclusion. Speaking at the unveiling of the Enhancing Financial Innovation and Access (EFiNA) survey report titled: “Unlocking […]
The Central Bank of Nigeria (CBN) has directed banks to raise the quality of their products and services to attract more people into the financial system. CBN Governor, Olayemi Cardoso, disclosed this at the release of the 2023 EFInA Access to Finance (A2F) Survey results in Lagos. He said: “As an ecosystem, we must redouble our efforts […]
