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More Than 60 Million Nigerians Are Unbanked – World Bank - Business (2) - Nairaland

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Re: More Than 60 Million Nigerians Are Unbanked – World Bank by AAinEqGuinea: 7:45am On Jun 18, 2018
agbarisocket:
those who suppose to open an account have been kill by ipod

^never will happen. cool
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by sinaj(f): 7:45am On Jun 18, 2018
Moreoffaith:
No be person wey get money go save am for bank.
exactly what I wanted to type
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by mikhe2(m): 7:45am On Jun 18, 2018
pol23:

Dem just dey tell us the true or would you rather believe a Buhari over people traceable evidence.
If you ask Kemi Adeosun now,She go say 300,000,000.00 Nigerian are Banked
I ain't a fan of buhari . Just that i don't believe the western media.
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by lailo: 7:46am On Jun 18, 2018
When a single person has at least 5 account.
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by pol23: 7:52am On Jun 18, 2018
mikhe2:
I ain't a fan of buhari . Just that i don't believe the western media.
To some extent it's still the fairest of all.
Our local journalists are politically motivated.
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by tete7000(m): 7:59am On Jun 18, 2018
No be person wey get money dey put am for bank?
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by mikhe2(m): 8:04am On Jun 18, 2018
pol23:
To some extent it's still the fairest of all. Our local journalists are politically motivated.
you are right in a way

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Re: More Than 60 Million Nigerians Are Unbanked – World Bank by goldman777: 8:13am On Jun 18, 2018
Thats becos more 60million nigerians don't av money to put in the bank
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by Mekanus(m): 8:18am On Jun 18, 2018
Person wey no get money to chop dy go bank?
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by israelmao(m): 8:18am On Jun 18, 2018
It is quite a huge figure.Nigerians banks discourage people with arbitary charges even when don't withdraw from their accounts or do transaction that warrant charges they still go ahead to charge you by pecking money in your account.
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by Horus(m): 8:18am On Jun 18, 2018

https://www.youtube.com/watch?v=o2z4x6q3XmY

Millions of Nigerians are unbanked
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by ElsonMorali: 8:28am On Jun 18, 2018
In other words, 60million Nigerians live from hand to mouth.
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by Horlufemi(m): 8:33am On Jun 18, 2018
Why is the need to save 1000 you'll spend the next day.

1 Like

Re: More Than 60 Million Nigerians Are Unbanked – World Bank by Ademat7(m): 8:47am On Jun 18, 2018
emandman:
Yet etranzact refuse to give me my mPos after payment.
We pay too much lip service,while frustrating the youth that has vision.
The country is just either not ready/serious yet with financial inclusion.
POS for your biz? How much does it cost
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by slimbowwow(m): 8:51am On Jun 18, 2018
If you ask Kemi Adeosun now,She go say 300,000,000.00 Nigerian are Banked[/quote]



Assumption is the lowest form of knowledge.
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by Nobody: 9:01am On Jun 18, 2018
Tupac said " all eyes on me"
Nigeria should say all eyes and mouth on us"
Nigeria this, Nigerians that, na dem sabi Abeg.
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by fastlane84: 9:15am On Jun 18, 2018
postbox:

SOURCE: https://brandspurng.com/more-than-60-million-nigerians-are-unbanked-world-bank/



2017 World Bank Global Findex Database report on financial inclusion says that more than 60 million Nigerians are without bank accounts. The report, titled The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution used data from a survey carried out in 144 countries, in collaboration with the Bill and Melinda Gates Foundation and Gallup Inc.

Globally, 1.7 billion adults are unbanked [don’t use formal banks or semi-formal microfinance institutions to save or borrow money] even though more than half that number could access digital financial services. There was an increase in financial inclusion between 2014 and 2017.

Financial inclusion, which aims to “make financial services accessible at affordable costs to all individuals and businesses, irrespective of net worth and size respectively”, is important for the development of any economy. It means that people who have better access to financial services through traditional, bank accounts and digital payments have greater control over their money, and their savings, securing business loans, insurance and are better prepared for financial emergencies.

Financial inclusion is also important to achieving some of the UN’s Sustainable Development Goals, such as eradicating poverty, improving gender equality, and creating jobs.

Also, it promotes gender equality; easy access to financial services for women translates to participation in the nation-building process and economic growth of any country.

“When the government deposits social welfare payments or other subsidies directly into women’s digital bank accounts, the impact is amazing. Women gain decision-making power in their homes, and with more financial tools at their disposal, they invest in their families’ prosperity and help drive broad economic growth,” said Melinda Gates, Co-Chair of the Bill & Melinda Gates Foundation, said.

Gender gaps in financial inclusion

However, the 2017 Findex report confirms that gender gaps in financial inclusion have still persisted over time, with the wider gaps in developing economies, while high-income economies have no discernible gender gap in financial inclusion.  7 per cent more men hold active accounts than women globally.

In the developing economies, a large gender gap in financial inclusion is contributing to slow economic growth, as it implies that fewer women are participating in the national economic growth. People who don’t have access to inclusive financing either do not have enough money to own an account, or family members already have an account for them (mostly male family figures).

40 per cent more men own accounts than women in Nigeria, meaning there’s been no clear change in financial inclusion in Nigeria since the last Findex report was released in 2014. Other developing economies like Togo, Peru, Lebanon, Jordan, Algeria, Burkina Faso also have wide gender gaps in financial inclusion. Other developing economies [India, Bolivia] have moved in the opposite direction as gender gaps have been steadily closing since 2014.

Adult financial inclusion

Also, in inclusive financing, gaps in account ownership between richer and poorer adults (based on household incomes) tend to be wider in developing economies, with richer people twice likely to own an account than poorer people. Nigeria, Philippines, and Ethiopia are some of the developing countries with wide gaps in financial inclusion between the rich and the poor. However, the advent of mobile money accounts in developing economies between 2014 and 2017 is helping to reduce this gap. In developing economies, poor people are more likely to own both traditional bank accounts and mobile money accounts than rich people.

Nigeria was declared the world poverty capital last year, with almost half of its population living in extreme poverty. 82 million (42 per cent) Nigerians are living below $1.90 per day, implying that 42 per cent of Nigerians probably don’t own an account, or have inactive ones. A recent Bio-metric Verification Number exercise in 2015 in Nigeria, which resulted in the many bank accounts going inactive, also contributed to Nigeria’s 67 million unbanked population.

I, However, the increasing adoption of mobile banking by Nigerian commercial banks, the proliferation of digital payment solutions and targeted campaigns towards low-income Nigerians mean that the next financial inclusion report will be favourable to Nigeria.

SOURCE: https://brandspurng.com/more-than-60-million-nigerians-are-unbanked-world-bank/


because they don't allow... us access wen needed
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by monsurtech(m): 9:34am On Jun 18, 2018
I disagree with the number.
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by kmaster007: 10:54am On Jun 18, 2018
nah by force
Re: More Than 60 Million Nigerians Are Unbanked – World Bank by ambrosini593(m): 3:16pm On Jun 23, 2018
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