Naira: Financial stakeholders move to crash exclusion rate from 39.5 percent

Stakeholders committed to National Financial Inclusion in Nigeria will meet to further crash the exclusion rate from 39.5 percent actualized in 2020.

The stakeholders will gather for a conference in Abuja to scale up the interventions.

Isaiah Owolabi, the Chief Executive Officer of Enhancing Financial Innovation and Access, EFInA, disclosed this via a statement.

Owolabi also disclosed that EFInA would launch a financial dashboard during the meeting.

According to Owolabi, the dashboard would track Nigeria’s financial inclusion 2020 targets.

The EFInA boss said participants at the conference would participate in a panel session.

The statement reads partly: “As part of strategic activities in line with the conference, EFInA is scheduled to launch the National Financial Inclusion Dashboard on its website.

Owolabi disclosed that the panel session is entitled: “Deepening digital financial services adoption and usage.”

He said during the conference “innovative digital financial inclusion models that would advance the adoption of digital financial services among women, youth, and low-income Nigerians” would be shared.

“The International Financial Inclusion conference is an opportunity to showcase all innovative strategies we have implemented since the launch of the National Financial Inclusion 2012 strategy to get us to 51% of Nigerians served by the formal financial system,” Owolabi said.