Country Context

Financial inclusion in Nigeria has thus far been primarily driven by conventional brick-and-mortar banks and bank accounts. The 2012 Enhancing Financial Innovation & Access (EFInA) survey on financial services in Nigeria found that the access to financial services has been steadily increasing since their research began in 2008.However, the majority of rural Nigerians still do not use financial institutions, and a significant number of rural Nigerians rely on informal financial services. Read More

FII Nigeria Wave One - Survey Questionnaire (English)Download
FII Nigeria Wave One - Survey QuickSights Report Download
FII Nigeria Wave One - Consumer Voices QuickSights ReportDownload
FII Nigeria Wave One - Digital Pathways to Financial Inclusion Wave ReportDownload
FII Nigeria Wave Two - G2P Insights ReportDownload

Key Metrics

Source: FII Survey of Nigeria, conducted September-November 2013; N=6,002

Mobile Phone
Mobile PhoneTotalMaleFemaleUrbanRural
Own Mobile Phone90%93%87%94%88%
Own or Can Borrow Mobile Phone96%97%96%98%95%
Own Sim Card91%93%88%94%88%
Own or Can Borrow Sim Card96%96%95%98%94%
Bank Accounts
Bank AccountsTotalMaleFemaleUrbanRural
Own Bank Account38%44%33%49%31%
Own or Have Access to Bank Account44%48%40%55%35%
Active Bank Account User (Past 90 Days)35%40%30%44%28%
Mobile Money Use
Mobile Money UseTotalMaleFemaleUrbanRural
Have Ever Used MM0.3%0.3%0.3%0.5%0.2%
Active MM User (past 90 days)0.0%0.0%0.0%0.0%0.0%
Registered MM User0.1%0.1%0.2%0.2%0.1%
Registered Active MM User0.1%0.1%0.1%0.1%0.1%