
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
Key Metrics
Source: FII Survey of Nigeria, conducted September-November 2013; N=6,002
Mobile Phone
![]() | Total | Male | Female | Urban | Rural |
---|---|---|---|---|---|
Own Mobile Phone | 90% | 93% | 87% | 94% | 88% |
Own or Can Borrow Mobile Phone | 96% | 97% | 96% | 98% | 95% |
Own Sim Card | 91% | 93% | 88% | 94% | 88% |
Own or Can Borrow Sim Card | 96% | 96% | 95% | 98% | 94% |
Bank Accounts
![]() | Total | Male | Female | Urban | Rural |
---|---|---|---|---|---|
Own Bank Account | 38% | 44% | 33% | 49% | 31% |
Own or Have Access to Bank Account | 44% | 48% | 40% | 55% | 35% |
Active Bank Account User (Past 90 Days) | 35% | 40% | 30% | 44% | 28% |
Mobile Money Use
![]() | Total | Male | Female | Urban | Rural |
---|---|---|---|---|---|
Have Ever Used MM | 0.3% | 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 User | 0.1% | 0.1% | 0.2% | 0.2% | 0.1% |
Registered Active MM User | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |