Macro Analysis /
Nigeria

Nigeria’s low rate of financial inclusion, and how to solve it

  • Nigeria missed its 2020 financial inclusion target, as banks still cannot capture financially excluded Nigerians

  • Fintechs are innovating but fail to address the real issues, with most solutions being directed at people who are banked

  • We reiterate that telcos will make the best banks in Nigeria, as mobile money is critical to boost financial inclusion

Nigeria’s low rate of financial inclusion, and how to solve it
Busola Jeje
Busola Jeje

Research Analyst

Ayobami Omole
Ayobami Omole

Research Analyst

Tellimer Research
7 June 2021
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