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LequteMan
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Nigeria - Apparently only one in five Nigerian adults own a bank account, according to a financial research institute. In a report, the institute said only 30 million Nigerians have a bank account out of the 90million sampled. This means 60 Million Nigerians don't have a bank account.
The statistics all point to the fact that Nigeria still has some way to go in order to imbibe cashless policy and attain financial inclusion.
For the overall good of the industry, it seems more collaboration between the banks and the operators is needed, General Manager, Corporate Affairs, MTN Nigeria, Ms. Funmi Onajide, said.
Excerpt from Punch:
Results from a total demographic study carried out by the Enhancing Financial Innovation and Access has shown that from a sample of 93.5 million Nigerian adults, only 33.9 million are banked.
According to the EFIA findings, the other 59.6 million adults are either financially excluded or are served by informal financial channels like savings club/pool, esusu, ajo or moneylenders as well as remittances through informal channels such as transport services and recharge cards.
“Essentially, this means that approximately, only one in five Nigerian adults have a bank account, with approximately one bank branch and one Automated Teller Machine for every 10,000 people,” the EFIA stated in its report.
click here to see more statistics
#Nigeria #Punch #EFIA
The statistics all point to the fact that Nigeria still has some way to go in order to imbibe cashless policy and attain financial inclusion.
For the overall good of the industry, it seems more collaboration between the banks and the operators is needed, General Manager, Corporate Affairs, MTN Nigeria, Ms. Funmi Onajide, said.
Excerpt from Punch:
Results from a total demographic study carried out by the Enhancing Financial Innovation and Access has shown that from a sample of 93.5 million Nigerian adults, only 33.9 million are banked.
According to the EFIA findings, the other 59.6 million adults are either financially excluded or are served by informal financial channels like savings club/pool, esusu, ajo or moneylenders as well as remittances through informal channels such as transport services and recharge cards.
“Essentially, this means that approximately, only one in five Nigerian adults have a bank account, with approximately one bank branch and one Automated Teller Machine for every 10,000 people,” the EFIA stated in its report.
click here to see more statistics
#Nigeria #Punch #EFIA
