Financial inclusion has been a relevant topic in the international community, as it has been identified as a tool for increased wealth building, job creation and improved access to basic needs. The World Bank has also identified the financial inclusion of all segments of a country’s population as a phenomenon that helps to achieve at least 5 Sustainable Development Goals. The Central Bank of Nigeria has kept up with this trend and has led the effort to improve the financial inclusion rate in Nigeria. However, there is no denying that more must be done.
This article explores the Nigerian financial regulatory landscape in the broader context of other emerging economies and offers recommendations on innovative and collaborative approaches to achieving full financial inclusion in Nigeria.
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