Nigeria’s formally included populations (2020)
November 17, 2022
Inclusion 4 All / Inclusion for all / Trade & the economy
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 in Nigeria. How can Nigeria achieve its 94% financial inclusion rate by 2024?