Only 40% of Nigerian adults are banked

The financial inclusion target of the Central Bank of Nigeria (CBN) seems farfetched as the World Bank has put the number of unbanked Nigerians adults at about 100 million.

According to The Global Findex Database 2017, only 40% of Nigerian adults have an account with a financial institution or a mobile money provider.

 

The report — which is the world’s most comprehensive dataset on how…

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