‘Financial inclusion needed to tackle poverty’
Godwin Ehigiamusoe, is the Founder of Lift Above Poverty Organisation (LAPO), a development organisation with programmes and interest in microfinance, health and social empowerment activities.
‘Nigeria needs unified identity system to deepen financial inclusion’
Lack of unified identity system has been identified as one of the major limitations confronting the financial inclusion drive in Nigeria. The Managing Director/CEO Africa Operations, Inlaks, Femi Adeoti, who stated this, said 90 percent of the Kenya population has been included because the country has a unified identity system.
SystemSpecs, NIBOX ink deal to deepen financial inclusion
SystemSpecs, the Nigerian company with interests in financial technology, designs and development of human resource management, (HRM) solutions and NIBOX, a multi-platform payment solution provider, have entered a partnership to extend financial products and services to the banked, under-banked and unbanked in the country.
How, why mobile wallets can deepen financial inclusion
Access to financial services opens doors for families, allowing them to smooth out consumption and invest in their futures through education and health.
The stages of financial inclusion
The discourse around, and drive towards financial inclusion, has been framed in terms of ‘access’ to financial services. Financial service offerings across industries and for all groups - from individuals at the bottom-of-the-pyramid....
The unbanked gap in Nigeria is closing but slowly
Financial inclusion is progressively gaining momentum globally, however, the gains are yet to even up. The 2017 World Bank Global Findex Database report on financial inclusion reveals that over 60 million Nigerians do not have bank accounts. The report ‘The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution’ employed data from a…
The impact of banking crises on consumer trust and financial inclusion
The role trust plays in the drive for an inclusive financial services ecosystem can't be overemphasised. The recent developments in the banking sector have elevated the need to revisit the topic, this time drawing our insights from the body of evidence available. Trust means being confident that a person or an institution will deliver on…
Redefining financial inclusion
We may be going about financial inclusion all wrong… At the core of the global drive for financial inclusion is the understanding that all lives have equal value — everyone should get the opportunity to live wholesome lives in peace and good health, with the ability to pursue their dreams and aspirations. To achieve this,…
We Need to Talk About Financial Inclusion for Women
There was a disturbing revelation in the Global Findex Report which was published in April 2018. Aside from disclosing that financial inclusion levels had stalled and are in decline, it also revealed that women were being excluded twice as fast as men. The Global Findex report suggests that “any effort to increase overall account…
Financial Exclusion is limiting government's efforts to reduce poverty
As long as financial exclusion remains high, everyone loses. To comprehend the magnitude of the challenge we face in our quest to reduce poverty in Nigeria, we need to first acknowledge government’s efforts so far. You will recall the establishment of social investment programs (SIP) initiatives which were aimed at reducing poverty and improving livelihoods…
2020 financial inclusion target on course, but slow, says report
The development, which indicates a two-fold outcome of increased mortality as well as adult population and disinterest, comes in the wake of a challenging three-year economic crisis and poor infrastructure needed to drive the scheme.
Financial inclusion key to growth of Nigeria's economy, says Osinbajo
Vice President Yemi Osinbajo has said that financial inclusion was an important factor for the growth of the nation’s economy. He also noted that the federal government was committed to ensuring that all Nigerians have access to financial services and credit facilities, no matter where they are. Prof. Osinbajo stated this on Wednesday when a…