Nigeria Financial Inclusion and Economic Empowerment Priorities

Partnership and Innovation

EFInA’s focus on supporting innovation to promote financial sector development and financial inclusion is implemented through the EFInA Innovation Fund and a series of innovation fora.

Through the Partnerships & Innovations pillar, EFInA is working closely with a range of stakeholders, such as the regulators and financial service providers (banks and non-banks) to test evidence-based use cases that support scalable deployment of relevant and affordable (pro-poor) digital financial products that work for all. The Partnerships & Innovation Pillar aims to achieve the following:
  • Support the co-creation and implementation of financial products that increase access to financial services for the un(der)banked.
  • Demonstrate and incentivize worthwhile innovation around pro-poor financial inclusion while building sustainable business cases for replication in the industry.