She is a Woman – Experiences of Women in Leadership
Women have been at the forefront of the COVID-19 crisis, as health care workers, caregivers, innovators, community organisers, and as some of the most exemplary and distinguished national leaders in the fight against the pandemic. The crisis has shown both the necessity of women’s contributions to the growth and development of society and the disproportionate […]
Why we Choose to Challenge
Since EFInA began measuring financial access in 2008, we have seen steady, incremental progress in overall financial inclusion levels, with millions more Nigerian adults now using financial services. However, when we look at gender and financial access, a different pattern emerges. More women than men are financially excluded, creating what we call a “gender gap” […]
Using Personas to Design Solutions for Financially Excluded Women
As any tall person who has flown in Economy class will tell you, solutions that are created for an average customer do not work well for everyone. When we do not design financial solutions specifically for women, we can unintentionally exclude them, particularly since more men than women currently use banks and therefore the “average” […]
Powering Resilience and Post COVID-19 Restoration through Digital Finance
In Nigeria like in many countries, the COVID-19 outbreak burgeoned into a major crisis, leaving its mark beyond the health hazard consequences. The pandemic brought about immense personal and financial suffering especially for low-income households, communities, businesses and the economy at large.[1] Before the pandemic, Nigeria was already on a sluggish recovery from the recession […]
The FSD Network: A family of Financial Sector Deepening programmes operating across Africa
Who we are The FSD Network is a family of nine Financial Sector Deepening, or FSD, programmes operating across Africa. FSDs work alongside governments, business leaders, non-profit organizations, research institutions, regulators, and policymakers to develop more inclusive financial systems. We believe that financial systems have the potential to play a major role in enabling […]
Key Findings from EFInA Agents Survey: A Tall Order for Financial Inclusion in Nigeria
The expectation of closing the 16.8% shortfall in the Nigeria financial inclusion target is threatened as the recent EFInA survey on financial services agents shows that percentage of agents who offer account opening services has decreased significantly since 2015. Agent banking is a key driver of financial inclusion and very useful in providing access to […]
New Research Shows that Nearly Half of Nigerians Reported Reduced Income Soon After Lockdowns Started
A recent survey carried out by FinMark Trust through the i2i initiative, in partnership with EFInA, reveals that some Nigerian households are beginning to experience reduced income, lower food consumption, and reduced access to financial and health services following the onset of the COVID-19 epidemic and related lockdowns. The survey, conducted via mobile phones, was […]
COVID 19: Impact and Opportunities for Financial Services Agents in Nigeria
COVID-19 has had a significant impact on the global economy, with surging infections, cities in lockdown, businesses shutting down, travel restrictions and staff layoffs. Forbes report the impact in four basic ways. First, supply chain failures because of the impact of the pandemic on China. The second harm results from the direct effects of illness in lost work […]
How COVID-19 will Force Nigeria’s Financial Sector to Innovate
By Ashley Immanuel On Monday morning, hundreds of employees at Nigeria’s leading banks woke up, bathed, brushed their teeth, and put on their business attire. They trimmed their beards and applied makeup. Then they sat down in front of their computers, switched on their webcams, and reported for work. Despite Lagos’ notorious traffic, banks and […]
