July 9, 2018/CBN

In 2010, Nigeria made a commitment to reduce the adult financial exclusion rate in the country from 46.3% to 20% by the year 2020. In order to attain this target, the National Financial Inclusion Strategy (NFIS) was launched on October 23rd. 2012. 

While some notable milestones have been achieved, overall financial exclusion rate stands at 41.6% based on the biennial Access to Financial Services in Nigeria Survey (EFInA. 2016). The Central Bank of Nigeria has been working with various stakeholders to conduct a review and refresh of the Strategy. The exercise focused on evaluating progress, identifying gaps and developing a refreshed strategy document which serves as a roadmap for implementation till the terminal year 2020. 

In view of the above, we hereby attach the Exposure Draft of the National Financial Inclusion Strategy Refresh for comments and observations. The document can also be accessed on the website: www.cbn.gov.ng. 

Kindly send hard copies of all comments and observations to the undersigned while electronic copies should be emailed to takinfadeyi@cbn.gov.ng and jaattah@cbn.gov.ng   (Financial inclusion Secretariat) within two weeks from the date of this letter.

Please accept the assurance of our esteem regards.

Yours Faithfully,

Dr. Mudashiru Olaitan

Director, Development Finance Department

Click here to download full PDF copy