Access to Financial Services in Kaduna State Deep Dive
EFINA
Enhancing Financial Innovation & Access
Recommendations
With relatively lower rates of financial exclusion compared to the region, Kaduna State can emerge as a
regional leader in driving financial inclusion in the North West. However, concerted efforts need to be put in
place to include the significant financially excluded population
High rates of mobile phone ownership, even among excluded groups, provide an opportunity to drive financial
inclusion by expanding access to affordable, relevant digital financial services.
Support initiatives that bridge digital financial services infrastructure gaps in Kaduna - regulated non-bank
institutions (such as agent network providers) can be leveraged to extend financial services to excluded.
populations
Promote the development and viability of digital financial services use cases in the State - e.g. introduce
procurement criteria that encourage digitization and formalization of vendors, digitizing government
payments at LGA level
Prioritise the financial inclusion of women so as to maximize women's economic empowerment and other
gender-oriented projects in the State
Source: EFINA Access to Financial Services in Kaduna State 2020 Survey
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