Financial inclusion for all by year 2020: What worked, What didn't, Which way forward?, The Nigerian Economic Summit Group, The NESG, think-tank, think, tank, nigeria, policy, nesg, africa, number one think in africa, best think in nigeria, the best think tank in africa, top 10 think tanks in nigeria, think tank nigeria, economy, business, PPD, public, private, dialogue, Nigeria, Nigeria PPD, NIGERIA, PPD
Wed Aug 24th 2022
1 month ago 10:00:00am

The Central Bank of Nigeria introduced the Financial Inclusion Strategy in 2012 to achieve 80% financial inclusion by 2020, and various stakeholders have since introduced many initiatives toward meeting this target. According to the Global Findex Report, between 2011 and 2021, financial inclusion in Nigeria grew from 26.67% to 45.32%, a 65% increase. Although the 80% target was not met by the end of the year 2020, the progress is considerable, especially in light of the macroeconomic headwinds the country faced within said period. As the industry looks forward to another ten years, it is necessary for key stakeholders to appraise the major initiatives which contributed to this progress and deliberate on major bottlenecks and lessons learnt over the period, with a view to setting a new financial inclusion agenda for the year 2030.