Saturday, December 22, 2018    10.25AM / By Efina

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Report Structure

1.      Background

2.      Nigeria at a Glance

3.      Financial Behaviour – Uptake & Usage

4.      Financial Inclusion Indicator (Financial AccessStrand)

5.      Access Frontiers for achieving the NFIS Targets

6.      Key Take Outs

Background

AboutEFInA

• Enhancing FinancialInnovation & Access (EFInA) is a financial sector development organizationthat promotes financial inclusion in Nigeria
  
• EFInA’svision is to be the leader in facilitating the emergence of an all-inclusiveand growth-promoting financial system. EFInA adopts a holistic approach toimpact the market at three levels – micro, meso and macro levels
  

LeveragingA2F 2018 Surveys

• A2F research identifiesthe financial needs of the adult population and gives service providers dataand analyses to develop innovative products to serve them
  
• Itprovides insights into regulatory and market obstacles to growth and innovationin the financial sector
  

Approach& Methodology

• The A2F survey has beenconducted biennially since 2008.
  
• Thesize of the participants included in each of the survey prior to 2018 A2F was24,000 with a proportional representation across states.
  
• Nationallyrepresentative sample of Nigerian adults (18+) across all 36 states and FCTAbuja
  
• Resultsare weighted by the National Bureau of Statistics (NBS) to provide for thetotal adult population and benchmarked to national population estimates forverification
  

Objectives of A2F 2018 Survey

• To describe the levels offinancial inclusion (i.e. levels of access to financial products and services –both formal and informal)
  
• To describe the landscape of access(i.e. the type of products and services used by financially included individuals)
  
• To identify the drivers of, and barriersto financial access
  
• To stimulate evidence-based dialoguethat will ultimately lead to effective public and private sector interventionsthat will increase and deepen financial inclusion
  
• To track financial inclusion trends inNigeria and also to provide an assessment of changes due to interventions toenhance access and deepen inclusion
  

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Also: Read 36.8%of Adult Nigerians Are Financially Excluded - EFINA 2018 Survey 

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