Unlocking Nigeria’s Financial Future: Overcoming Challenges and Seizing Opportunities in Last-Mile Expansion

Unlocking Nigeria’s Financial Future: Overcoming Challenges and Seizing Opportunities in Last-Mile Expansion Download the complete report Nigeria’s financial inclusion numbers look impressive on paper—64% of adults are now formally included, up from 57% in 2020. But beneath these headline figures lies a more complex reality that demands urgent attention from policymakers, financial service providers, […]
The Trillion-Naira Opportunity: Why 40 Million Nigerians Are Still Locked Out of Wealth Building

The Trillion-Naira Opportunity: Why 40 Million Nigerians Are Still Locked Out of Wealth Building Download the complete “Bridging Nigeria’s Knowledge and Wealth Gap” presentation Nigeria’s financial inclusion story reads like a tale of two economies. While headline numbers show impressive progress—with formal financial inclusion jumping from 36% in 2010 to 64% in 2023—a deeper dive reveals a […]
Nigeria’s Hidden ₦130 Billion Fintech Goldmine: Why Your Next Billion Users Aren’t Where You Think

Nigeria’s Hidden ₦130 Billion Fintech Goldmine: Why Your Next Billion Users Aren’t Where You Think Download the Full Report Here Nigeria’s fintech success story is impressive—but incomplete. While the country ranks 6th globally in real-time payments volume with 7.9 billion transactions, a massive opportunity lies hidden in plain sight: 53.8 million payment-excluded adults representing an […]
Nigeria’s Financial Health Crisis: A Nation Living on the Edge

Nigeria’s Financial Health Crisis: A Nation Living on the Edge Download the Complete Report The alarming reality behind Nigeria’s financial inclusion success story Nigeria’s financial inclusion journey has been hailed as a success story across Africa. With impressive growth in digital payments and account ownership, the numbers paint a picture of progress. But beneath these […]
From the EFInA webinar on “Sustaining Financial Health: Understanding and Combating Investment Scams”

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 […]