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Asusu systems and saving groups have been contributing to significantly to local economies. They can be a critical tool towards accelerating financial and economic inclusion.

Post Concept: 💡 Unlocking Economic Growth: The Essence of Financial Inclusion in Nigeria 💰 Financial inclusion lies at the heart of economic empowerment and sustainable development. In Nigeria, bridging the gap in access to financial services is not just a goal but a transformative strategy with far-reaching implications. By extending banking services, credit, and insurance to underserved communities and individuals, we pave the way for inclusive growth and poverty alleviation. Financial inclusion empowers entrepreneurs, small businesses, and marginalized groups to access capital, save for the future, and build resilience against economic shocks. As we strive towards a more inclusive financial landscape, let us recognize the immense potential it holds to spur innovation, drive entrepreneurship, and foster socio-economic progress across Nigeria. Together, we can create a more prosperous and equitable society for all. Join me in the conversation on the transformative power of financial inclusion in Nigeria. Let's drive change, one financial step at a time. #FinancialInclusion #EconomicEmpowerment #SustainableDevelopment #NigeriaFinance #InclusiveGrowth

The recent conference in Nigeria was a resounding success, fostering invaluable connections, innovative ideas, and paving the way for transformative advancements in the region and the world. #FinancialFreedom #InvestSmart #WealthBuilding #MoneyManagement #FinancialGoals #SmartInvesting #WealthCreation #InvestInYourFuture #FinancialPlanning #GrowYourWealth #InvestmentStrategy #MoneyMatters #FinancialSuccess #BuildWealth #InvestWisely

Curious about the state of financial inclusion in Nigeria? The Access to Financial Services in Nigeria (A2F) 2023 Report, from EFInA, offers a comprehensive look at the evolving landscape of financial inclusion in Nigeria. This data-driven report provides valuable insights for researchers, policymakers, and anyone passionate about building a more inclusive financial future. Key Highlights: Data-driven analysis: The report delves into access, usage, capability, health, and challenges related to financial services in Nigeria. Nuanced context: Beyond the numbers, insightful analysis and commentary enrich the data, providing a deeper understanding of the complex landscape of financial inclusion.   Actionable insights: The report offers data- driven insights to inform your work and contribute to the development of effective policies and programs that advance financial inclusion for all Nigerians. Download the full report here: https://lnkd.in/djfsA_7C #A2F2023Survey #A2F2023Report #FinancialInclusion #FinancialInclusioninNigeria #InclusiveFinance #Finclusion #EFInA #A2F

Last week, we commemorated Nigeria’s dynamic spirit and forward-looking vision with the theme “Turning the Corner.” The World Bank's recent announcement of a substantial $2.25 billion financing package, accompanied by immediate financial and technical support, is a significant step towards stabilizing Nigeria's economy. As we continue to support its macroeconomic reforms, our primary focus remains—broadening the safety nets and protecting the poor and vulnerable. Click here for more information on the announcement: https://lnkd.in/ev7B_ZFt In Washington DC, a series of enlightening sessions brought to the forefront key areas of development that will shape Nigeria's future: 1. #HumanCapital: Discussions centered on improving health and education outcomes, emphasizing a multisectoral approach to achieving these goals. 2. #Energy: Nigeria's power sector unveiled opportunities and challenges, focusing on sustainable reforms. The commitment to providing reliable and affordable electricity and achieving universal access was evident. 3. Macroeconomic Reforms: Speakers and guests unpacked Nigeria's macro-fiscal reforms and their social impacts. The discussion highlighted integrated support measures to assist the poor and vulnerable. 4. #Digital Transformation: The event underscored Nigeria's strides in digital innovation, pivotal for economic diversification and growth. Despite challenges, Nigerians exhibit resilience through thriving entrepreneurship and innovative startups. The country’s creative industry and technological advancements could drive global impact. Nigeria is at a transformative moment to seize opportunities to diversify its economy and invest in its people. #InvestInPeople #InclusiveGrowth

Afreximbank commits USD 200 M to Nigeria's Newly Approved Creative Economy Development Fund to Boost its Creative Sector The Federal Executive Council (FEC) has approved the Creative Economy Development Fund to provide financial support to Nigeria's creative industry. The announcement was made by Minister of Arts, Culture, and Creative Economy, Hannatu Musawa, at the State House in Abuja. As part of the program, the African Export-Import Bank (Afreximbank) has committed USD 200 M to support the fund, with additional financial contributions anticipated from other sources. The special purpose vehicle was set up to allow members of the creative industry to access funding and use Intellectual Property (IP) as collateral, facilitating monetization and access to capital. The initiative is accompanied by the establishment of an IP policy, currently being finalized by the Ministry of Arts in collaboration with the Ministries of Industry, Trade and Investment, and Justice. The policy is expected to be completed within two weeks and will allow creators to use their IP assets for funding, addressing a critical gap in the sector. The fund aims to stimulate economic growth, cultural expansion, and job creation within Nigeria's creative economy, targeting the arts, culture, and entertainment sectors, particularly benefiting young creatives. #NigeriaCreativeEconomy #EconomicGrowth #JobCreation #Afreximbank #IntellectualProperty #CreativeSector

Curious about the state of financial inclusion in Nigeria? The Access to Financial Services in Nigeria (A2F) 2023 Report, offers a comprehensive look at the evolving landscape of financial inclusion in Nigeria. This data-driven report provides valuable insights for researchers, policymakers, and anyone passionate about building a more inclusive financial future. Key Highlights: Data-driven analysis: The report delves into access, usage, capability, health, and challenges related to financial services in Nigeria. Nuanced context: Beyond the numbers, insightful analysis and commentary enrich the data, providing a deeper understanding of the complex landscape of financial inclusion.   Actionable insights: The report offers data- driven insights to inform your work and contribute to the development of effective policies and programs that advance financial inclusion for all Nigerians. Download the full report here: https://lnkd.in/djfsA_7C #A2F2023Survey #A2F2023Report #FinancialInclusion  #InclusiveFinance #Finclusion #EFInA #A2F

𝐂𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐢𝐧𝐠 𝐍𝐢𝐠𝐞𝐫𝐢𝐚'𝐬 𝐕𝐢𝐛𝐫𝐚𝐧𝐭 𝐉𝐨𝐮𝐫𝐧𝐞𝐲 & 𝐔𝐧𝐰𝐚𝐯𝐞𝐫𝐢𝐧𝐠 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝 𝐁𝐚𝐧𝐤 𝐆𝐫𝐨𝐮𝐩 Nigeria is a hub of creativity and talent. This week, the The World Bank Group honored the country’s remarkable resilience and progress with Nigeria Week celebrations featuring energizing discussions on digitalization, human capital, energy access and investing in women and girls to unlock the country’s full potential. The cherry on the top is the Bank’s approval of a whopping $2.25 billion boost for Nigeria with $1.5 billion for economic stabilization & transformation, and $750 million for resource mobilization reforms. Here’s why these investments will be transformational! • Providing support for the most vulnerable, mitigating the impact of reforms. • Reinforcing Nigeria's substantial reforms, aiding the economy during this transformative phase. • Boosting the government's ability to augment non-oil revenues and reinvest in essential public services. As Nigeria undertakes this pivotal journey, the The World Bank Group seeks to be the wind beneath its wings! #Nigeria #Development Learn more:  https://lnkd.in/efmhJUwc Ousmane Diagana Mansir Nasir Min Ayanda Dlodlo

A snippet of my speech at the 2023 West Africa SME Exhibition held in Abuja Continental Hotel where I had opportunity to share few thoughts on financial inclusion for MSMEs in Nigeria. As of recent data, around 36% of Nigeria's adult population remains unbanked i.e. approximately 38 million adults in Nigeria do not have access to formal financial services. Yes, there are slight improvements in our drive for financial inclusion but still far from the goal of achieving 95% by 2024. I therefore encourage all digital financial experts + fintechs to focus on closing these identified gaps with bespoke solutions as financial inclusion for MSMEs in rural parts of Nigeria is essential for unlocking the economic potential within these areas, drive sustainable growth, reduce poverty, and contribute to the overall development of the country by tapping into the vast entrepreneurial spirit and productivity of its rural population. ✌️ #Fintech #DigitalBanking #Digitalinnovation #FinacialInclusion

🌟 Exciting News! 🌟https://a2f.ng/datasets/ We are thrilled to announce that EFInA has just released the highly anticipated Access to Financial Services in Nigeria Survey datasets! 📊💼 This comprehensive dataset offers invaluable insights into the financial landscape of Nigeria, providing a treasure trove of information for researchers, policymakers, financial institutions, and development organizations. Key highlights of the dataset include: 🔍 Demographic and socio-economic characteristics of financial service users 📈 Access to various financial products and services, including banking, insurance, and mobile money 🌍 Geographical distribution of financial inclusion across Nigeria 💡 Usage patterns, preferences, and barriers to accessing financial services As a passionate advocate for financial inclusion and socio-economic development, I am thrilled about the opportunities this dataset presents for evidence-based decision-making, innovative solutions, and impactful interventions. 🚀 Let's leverage this rich resource found here: https://a2f.ng/datasets/ to drive positive change, foster inclusive growth, and empower individuals and communities across Nigeria. Access the EFInA Access to Financial Services in Nigeria Survey datasets today and unlock the potential for transformative impact! 💪💼 #FinancialInclusion #Nigeria #DataAnalysis #Impact #Development #Empowerment