Over 50% Nigerians financially excluded
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Over 50% Nigerians financially excluded
Despite the burgeoning trade and commerce by the financial technology (fintech) companies, more than half of the nation’s population still lack access to various financial services. Ibrahim Apekhade Yusuf examines the issues
More than one in three Nigerian adults are financially excluded – with no access to useful, relevant, and affordable formal financial services such as payment, savings, and credit.
This was the damning verdict by experts who should know.
The event was at the CIO Club Africa annual Summit 2023, held last Thursday with the theme, “Digital Economy and the Nexus between E-identity, connectivity, and financial inclusion” where stakeholders noted that Africa’s most populous country lags in financial inclusion rate adoption.
