Kaduna state has the highest rate of financial inclusion in the Northwest but the state government seeks to expand financial inclusion as an accelerator
of economic growth. Speaking at the presentation of findings of the EFInA survey of financial inclusion in Kaduna state, Governor Nasir El-Rufai noted that “it highlights significant market opportunity for financial service providers to address the financial needs of adults in Kaduna.’’ Represented by the Deputy Governor, Dr.
The survey found that 62% of adults in Kaduna state do not use any regulated financial services and most of them are women, people in rural areas, farmers and micro entrepreneurs. The governor who said that the government seeks to reverse these figures, highlighted the policy steps being taken to expand financial inclusion, including a roadmap and blueprint for the adoption of a state-wide digital payment infrastructure, with the support of the Bill Gates Foundation.
According to him, Kaduna states also partnering with the United Bank for Africa to improve financial access points in all the 23 Local Government Areas. El-Rufai also explained that his administration appreciates the strong impact that access to telecommunications services has on financial inclusion, adding that ‘’KDSG is working in partnership with IHS Towers to improve and provide mobile network in 42 blind spots across the state.
The survey noted that “financially excluded adults in Kaduna state are more likely to reside in rural areas, have lower levels of education, be microentrepreneurs or farmers, and have limited access to bank branches or other financial access points.
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