I’m an advocate of driving financial inclusion, innovation in Nigeria

Renowned fintech expert, Chiamaka Okenwa, a specialist in financial technology and inclusion, has shared her insights on driving financial inclusion and innovation in Nigeria.

She made this assertion during recent press briefing, stating that leveraging technology to drive financial inclusion is key to bridging the financial gap in Nigeria and promoting economic growth.

“In Nigeria, a significant portion of the population remains unbanked or underbanked,” she noted. “To address this challenge, leveraging technology to provide affordable and convenient financial services to all Nigerians is essential.”

Okenwa’s commitment to financial inclusion is evident in her work on the Save As You Earn (SAYE) initiative. This innovative feature has transformed how underserved communities access and manage their finances, enabling millions of individuals and small businesses to save securely and efficiently.

“The SAYE initiative demonstrates the impact of technology on financial inclusion and by providing a seamless platform for saving and financial management, Nigerians can take control of their financial lives and improve their economic well-being.”

Okenwa’s expertise in financial inclusion has also been recognised through her work as an educator. She has authored a comprehensive course on financial inclusion, which aims to equip developers with the skills and knowledge needed to create innovative financial solutions.

“Financial inclusion is a business opportunity and by providing financial services to underserved communities, we can give access new markets, drive economic growth and improve the lives of millions of Nigerians.”

Okenwa further highlighted the importance of collaboration between fintech companies, banks and government agencies to drive financial inclusion. “Collaboration is necessary to creating a system that supports financial inclusion. This includes investing in infrastructure, developing relevant policies, and promoting financial literacy,” she said.

Okenwa also noted that financial inclusion is not just about providing access to financial services but also about ensuring that these services are affordable, convenient and tailored to the needs of underserved communities. “When people have access to financial services, they are able to save, invest and manage their finances more effectively. This can lead to increased economic activity, job creation, and poverty reduction,” she said.

Moreover, she stressed the need for financial education and literacy in promoting financial inclusion. “Financial education is important for empowering people to make informed decisions about their financial lives. Investing in financial education programs can help bridge the financial literacy gap in Nigeria.”

Okenwa is a seasoned fintech expert and software engineer, renowned for her innovative approach to driving financial inclusion and tech education in Nigeria. With her remarkable work at Moniepoint and her contributions to tech education, she continues to expand financial access and opportunities for Nigeria’s underserved populations.