Access to Financial Services in Kaduna State Deep Dive

EFINA Enhancing Financial Innovation & Access Key Take-Aways • • Only 1 in 4 adults in Kaduna State are considered financially healthy, with the biggest challenges being the ability to manage day-to-day financial needs and the ability to manage risks Adults that use formal (regulated) financial services are less likely than adults that do not use formal financial services to be classified as "financially vulnerable." Still, only about one quarter of this group are considered "financially healthy" Majority of adults rely on social and physical mechanisms in managing their finances - saving, coping with risks, managing liquidity and financing life goals Source: EFINA Access to Financial Services in Kaduna State 2020 Survey 44

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