Nigeria Increases Financial Inclusion But Still Far from Goal
By Emele Onu Nigeria has brought more of its citizens into the financial system but remains far from its goal of getting 95% of the population fully banked by 2024, according to a new report. The percentage of adult Nigerians with formal financial services — including bank accounts, insurance and mobile money — rose to 64% […]
CBN issues new directive to banks
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 […]
Nigeria’s Financial Inclusion Jumps to 64% in 2023
By Adedapo Adesanya Nigeria’s financial inclusion goal, which seeks to bring the unbanked into the financial system, hit 64 per cent in 2023 from the 56 per cent it reached in 2020. According to a new report from EFInA, a UK government-backed firm working to deepen financial inclusion, the country was able to bring more […]
New report shows wide disparity in financial inclusion
T he 2023 EFInA Access to Finance (A2F) Survey results launched in Lagos shows that the North has the least access to financial services. The report disclosed that exclusion from financial services continues to be most severe in Northern Nigeria, at 38 per cent in the Northeast and 47 per cent in the Northwest compared to only […]
Welcome Address by Dr. Agnes Martins,, Board Chair, EFInA
Keynote Address by Dr. Olayemi Cardoso, Governor Central Bank of Nigeria (CBN)
Beyond Access: Maximizing the Benefits of Financial Inclusion
Understanding Financial Exclusion in Nigeria: Research Insights, Nuanced Challenges, Opportunities & Policy Imperatives
Mr Danladi Verheijen’s remarks at the launch of the A2F 2023 Survey Insights
