Financial inclusion: IMF Advocates 5 Priority Policy Options For Nigeria

They are further increase in financial access points, promote digital financial services, improve financial literacy, upgrade framework for fintech operations and enhance Central Bank Digital Currency (CBDC) features and uses.

“Financial inclusion rates have gradually improved but still fall short of the targets adopted in Nigeria’s 2012 financial inclusion strategy,” the international organisation said in a recent report.

It said the share of the adult population with a bank account has consistently increased and now accounts for more than two-thirds of financially-included individuals.