Key Findings From The EFInA Access to Financial Services in Nigeria 2018 Survey

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 Access Strand)

5.       Access Frontiers for achieving the NFIS Targets

6.       Key Take Outs

Background

About EFInA

• Enhancing Financial Innovation & Access (EFInA) is a financial sector development organization that promotes financial inclusion in Nigeria
  
• EFInA’s vision is to be the leader in facilitating the emergence of an all-inclusive and growth-promoting financial system. EFInA adopts a holistic approach to impact the market at three levels – micro, meso and macro levels
  

Leveraging A2F 2018 Surveys

• A2F research identifies the financial needs of the adult population and gives service providers data and analyses to develop innovative products to serve them
  
• It provides insights into regulatory and market obstacles to growth and innovation in the financial sector
  

Approach & Methodology

• The A2F survey has been conducted biennially since 2008.
  
• The size of the participants included in each of the survey prior to 2018 A2F was 24,000 with a proportional representation across states.
  
• Nationally representative sample of Nigerian adults (18+) across all 36 states and FCT Abuja
  
• Results are weighted by the National Bureau of Statistics (NBS) to provide for the total adult population and benchmarked to national population estimates for verification
  

Objectives of A2F 2018 Survey

• To describe the levels of financial 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 barriers to financial access
  
• To stimulate evidence-based dialogue that will ultimately lead to effective public and private sector interventions that will increase and deepen financial inclusion
  
• To track financial inclusion trends in Nigeria and also to provide an assessment of changes due to interventions to enhance 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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