Hello Venturer,While coming of age, it wasn't unusual to see market men and women hide wads of notes to their wrappers and other odd locations believed to be safe. Although banks were popular then, these notes don't make it to banking halls. This category of people are said to not be financially included in a county's financial system.Achieving a high level of financial inclusion in an economy is important, this is why governments set financial inclusion targets and implement policies to make it easy.Nigeria is one of many countries that is keen on closing the financial inclusion gap to achieve economic development. In 2020, Nigeria marked 80 percent as its financial inclusion target but only 64 percent of bankable adults were financially included by the end of the target year. That Nigeria has been on this path for a long time, one begins to wonder when it will reach its destination. This week, we shed light on Nigeria's seemingly unending journey towards financial inclusion.Adekunle AgbetiloyeStaff Writer, Ventures Africa.
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A long walk to financial inclusion🥵
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Hello Venturer,While coming of age, it wasn't unusual to see market men and women hide wads of notes to their wrappers and other odd locations believed to be safe. Although banks were popular then, these notes don't make it to banking halls. This category of people are said to not be financially included in a county's financial system.Achieving a high level of financial inclusion in an economy is important, this is why governments set financial inclusion targets and implement policies to make it easy.Nigeria is one of many countries that is keen on closing the financial inclusion gap to achieve economic development. In 2020, Nigeria marked 80 percent as its financial inclusion target but only 64 percent of bankable adults were financially included by the end of the target year. That Nigeria has been on this path for a long time, one begins to wonder when it will reach its destination. This week, we shed light on Nigeria's seemingly unending journey towards financial inclusion.Adekunle AgbetiloyeStaff Writer, Ventures Africa.