Access to Financial Services in Kaduna State Deep Dive slide image

Access to Financial Services in Kaduna State Deep Dive

While most adults score high in planning for their finance, a concern would be the low EFINA levels of financial knowledge and control which is required to execute their financial Enhancing Financial Innovation & Access plans Financial capability indicator dimension (%) Planning 4 37 Control Knowledge Choice 39 54 62 38 ■Low Medium ■ High 59 31 23 7 41 5 Planning - plan, save & invest Control - budget & track funds Knowledge - numerical knowledge and understanding of financial terms & conditions Choice - can evaluate financial products & services and lodge a complaint if not satisfied Financial capability is an average of the financial planning, financial control, knowledge and skills and making financial choices dimensions. Source: EFINA Access to Financial Services in Kaduna State 2020 Survey 42
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