October 5

Gender Gap, a Major Hindrance To Nigeria’s Financial Inclusion Target – Report

By Ayodeji Adegboyega

“The focus of efforts to boost women’s financial inclusion should shift beyond product innovation to address the underlying drivers of gender gaps.”

For Nigeria to achieve its National Financial Inclusion Strategy (NFIS) target, it has to breach the gender gap, a report has stated.

The report, which was jointly published by the Central Bank of Nigeria (CBN) and Enhancing Financial Innovation & Access (EFInA), is titled ‘Assessment of Women’s Financial Inclusion in Nigeria’ and was released on Monday.

It noted that Nigeria has a larger gender gap when compared to countries in Africa such as Kenya, South Africa, Tanzania, and Uganda which it said are exhibiting a decreasing gender gap.

Photo courtesy of IICD.

Source: Premium Times (link opens in a new window)

Education, Finance
financial inclusion, women entrepreneurs