Nigeria targets 95% financial inclusion, expands digital ID

Homepage > News > Finance > Nigeria targets 95% financial inclusion, expands digital ID Nigeria is aiming to expand its digital payment channels to achieve 95% financial inclusion and spur economic growth. As for its national digital identity ecosystem, the African country is looking to link millions of cooperative members to the National Identification Number (NIN). Central Bank of Nigeria aims for financial inclusion for all A report by The Guardian on August 19 said that the Central Bank of Nigeria (CBN) is expanding the country’s digital payment channels to achieve a target of 95% financial inclusion, thereby supporting economic growth, according to CBN Governor Olayemi Cardoso. Represented by the Acting Director of Corporate Communications and Investor Relations, Hakama Sidi-Ali, Cardoso said that digital payments would improve Nigeria’s financial inclusion. The governor said CBN’s reform, along with the launch of the Payments System Vision 2028 (PSV 2028)—a strategic roadmap that improves existing frameworks to build a secure, inclusive, interoperable digital payments ecosystem—aims to build a more inclusive and efficient financial system. The bank revealed that fina...