Today, Nigeria is reputed to be the poverty capital of the world with over 87million people living in extreme poverty. It is pertinent to note that there is a direct relationship between extreme poverty and financial exclusion. Financially excluded individuals do not benefit from financial intermediation, which is the mobilization of savings from the supply-side and provision of loans to the demand-side for economic development.
“This report provides insights into how, where and why financial exclusion exists in Nigeria. It contains insight into the degree and causes of financial exclusion in Nigeria. It also seeks to understand the nature of demand for financial services and products in order to present operators, regulators and other stakeholders with insights into opportunities for improvement and growth”