Nigeria has the plan to have 95 percent of its population financially included by 2024, while efforts have been made by the government, regulatory agencies of the financial system and the private sector, lingering challenges may however serve as pushbacks in the short to medium term.
Nigeria developed its first financial inclusion strategy in 2012, where it set a goal of achieving a financial inclusion rate of 80 percent by 2020, Godwin Emefiele, CBN Governor said at the 2022 International Financial Inclusion Conference (IFIC).