Sub-Saharan Africa’s unbanked adults (2021)
According to the Findex 2021 report, 105 million adults in sub-Saharan Africa are unbanked and do not have a means of identification – Nigeria is home to over 60% of them with 64 million still unbanked. At Inclusion for All Initiative , we know that ID ownership is a key enabler for financial inclusion because […]
Nigerian women financially excluded (2020)
In Nigeria, 21.3 million women are financially excluded (81% are not aware of formal financial access points close to their homes). Of these women, nearly half (23.9 million) use formal financial services. 39.1% (20.9 million) women have a bank account, and over 6 million of the total 21.3 million women who are financially excluded live in rural areas.
Global unbanked adults (2021)
Globally, 1.4 billion adults are unbanked, and 38 million Nigerian adults living in rural communities are among the 7 countries that make up half of the world’s unbanked population.
Nigeria’s formally included populations (2020)
53.6 million Nigerian adults (50.5%) are using formal financial services such as banks, microfinance banks, mobile money, insurance or pension accounts out of 106 million adults. 47.6 million (44.8%) of these Nigerian adults are banked, while 6.0 million (5.7%) use other formal financial services. We know that using data can impact and drive financial inclusion […]
Financial inclusion barriers in Nigeria
Rates are primarily centred around awareness, access, and affordability. These are factors that would accelerate the rate of inclusion if the appropriate measures are taken to foster them. However, key findings from EFInA A2F 2020 data project that at the current rate of progress, the National Financial Inclusion strategy targets will not be met until […]
Identity Day 2022
According to EFInA A2F 2020 Survey data, 73% of Nigeria’s unbanked adults did not have the required ID to open a tier 3 bank account. Att Inclusion for all, we know that the poorer you are, the less likely you are to own an ID. To commemorate #IdentityDay2022, inclusion for all seeks to highlight the […]
ID is a barrier to formal financial inclusion
Identity Day 2022
According to EFInA A2F 2020 Survey data, 73% of Nigeria’s unbanked adults did not have the required ID to open a tier 3 bank account. Att Inclusion for all, we know that the poorer you are, the less likely you are to own an ID. To commemorate #IdentityDay2022, inclusion for all seeks to highlight the […]
Link between poverty and ID ownership
Gender gap for ID ownership
