Nigeria’s Financial Exclusion Drops to 21%

Summary

EFInA says Nigeria’s financial exclusion rate fell to 21% in its 2026 Access to Financial Services in Nigeria survey.

Highlights

• The survey was launched in Abuja on Wednesday.
• EFInA said the gap is now more concentrated among lower-income Nigerians.
• It found 53% of adults in the poorest wealth quintile were financially excluded, compared with 1% in the richest quintile.
• The report said almost half of financially excluded Nigerians were in the poorest 20% of the population.