Access to Financial Services in Kaduna State Deep Dive
EFINA
Enhancing Financial Innovation & Access
Key Take-Aways
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Rates of financial exclusion are significantly higher in the North West than in other regions of Nigeria; driving
inclusion in the North West is critical to meeting nationwide goals related to financial access
Although Kaduna State has above average levels of financial inclusion compared with the North West overall,
more than half of adults in Kaduna State remain financially excluded. Kaduna State can lead the region in
driving financial inclusion by expanding financial access to the 2.3m excluded adults in Kaduna State
Relatively few unbanked adults are using other formal (non-bank) or informal financial services
The widening financial inclusion gender gap is part of a wide range of gender disparities partly driven by
socio-cultural norms that deny women equal opportunities to access education and involvement/control in
financial decision making, among others
While women are significantly more financially excluded than men, many are economically active, with 50% of
women in Kaduna State reporting that their primary source of income is their own business
Rates of financial exclusion are high among women, youth, people residing in rural areas, and farmers
Source: EFINA Access to Financial Services in Kaduna State 2020 Survey
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