Access to Financial Services in Kaduna State Deep Dive
EFINA
Enhancing Financial Innovation & Access
EFINA Overview
Enhancing Financial Innovation & Access (EFINA) is
a Financial Sector Deepening (FSD) organisation
that promotes inclusive finance in Nigeria. EFINA
was established with support from the UK's Foreign
Commonwealth & Development Office (FCDO) in
2007 and began receiving funding support from the
Bill & Melinda Gates Foundation in 2009.
EFINA is renowned, within Nigeria's financial sector,
for providing thought leadership toward achieving
financial inclusion and championing the unbanked.
By funding and catalysing innovation, providing
cutting-edge research, advocating for inclusive
policies, and building capacity, EFInA has gained a
reputation as an "honest broker" among the
private and public sectors in Nigeria. EFInA's Access
to Financial Services in Nigeria surveys and other
research have served as credible sources of
information for policymakers and regulators,
including the Central Bank of Nigeria (CBN), the
National Insurance Commission (NAICOM), the
National Pension Commission and others, to
formulate regulations and policies. EFINA has a
strong focus on promoting digital financial services,
and in recent years has taken a leading role in
supporting an emerging FinTech sector in Nigeria.
Since its founding, EFInA has contributed to the
increased focus on financial inclusion in Nigeria,
convening and supporting stakeholders to develop
and work toward the implementation of a National
Financial Inclusion Strategy. Between 2008 and
2018, the number of adults using formal financial
services in Nigeria increased by more than 27
million, and EFINA has directly enabled more than
4.5 million Nigerians use formal financial services
through its grants.View entire presentation