Page 3 - தேசிய நிதி சேர்த்தல் மூலோபாயம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

According to a 2019 report by the National Bureau of Statistics, 73.2 million adults representing 41.6 per cent of the adult population in Nigeria are financially excluded. About one in five adults and 38 per cent of households report having a formal bank account. This includes both commercial banks (34 per cent of households) and other financial institutions such as microfinance institutions (MFI), cooperative societies, and savings associations. The incidence of banking is higher in the South West region with 56 per cent of households banked and lowest in the North West region with only 16 per cent of households having a formal bank account. x The issue of financial exclusion has therefore been a major economic challenge that has received the attention of various governments over the past four decades. Prior to the recent efforts to promote financial inclusion, the Nigerian economy was largely a cash-based economy with a significant proportion

Yobe stateMercy corpsYello digital financial servicesEuropean unionCentral bankNational bureau of statisticsMercy corp building resilience in complex crisisNational financial inclusion strategyNational bureauSouth westNorth westY ello digital financial servicesMomo agentMercy corpBuilding resilienceComplex crisis