…Over 100m Nigerians earn less than N700 per day
…CBN suggests way forward
By Nkiruka Nnorom, Prince Okafor & Elizabeth Adegbesan
The latest financial inclusion report has indicated that the Northern parts of Nigeria are far more marginalized in financial services, just as the Central Bank of Nigeria, CBN, yesterday, suggested solutions to achieve a more inclusive economic growth.
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Enhancing Financial Innovation and Access (EFInA) report titled: “Assessment of Women’s Financial Inclusion in Nigeria”, launched yesterday shows that over 100 million Nigerians earn less than N700 per day, which limits their ability to save or take risks on loans, thereby making them financially excluded.
The report also showed that 38.6 percent of Nigerians (76 million) are financially excluded with greater percentage being women and people from Northern extraction.
According to the report,…
Source: Vanguard Newspaper
