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Nigeria: new data from EFInA shows financial inclusion growth

New data from EFInA shows some financial inclusion growth but need for more action

For the first time, more than half of Nigerian adults are using formal (regulated) financial services, according to newly published data from EFInA (Enhancing Financial Innovation & Access). The EFInA Access to Financial Services in Nigeria 2020 Survey shows that 51% of Nigerian adults are using formal financial services, such as bank, microfinance bank, mobile […]

Women, rural dwellers and Northern citizens still excluded from financial inclusion ― CBN

Share The Deputy Governor and Chair of the Financial Inclusion Technical Committee of the Central Bank of Nigeria, Aishah Ahmad has said that women, rural dwellers and citizens in the northern area are still excluded from financial inclusion in the country despite progress achieved to date. The Deputy Governor made this known during the launching of the EFInA (Enhancing Financial Innovation & Access) Nigeria 2020 Survey held via zoom on Thursday. Aishah noted that the apex bank has been exerting efforts to drive financial inclusion in Nigeria by championing the development & implementation of Nigeria’s National Financial Inclusion Strategy. The Chairman said that CBN launched a Framework for Advancing Women’s Financial Inclusion in Nigeria in 2020.

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