Access to finance in Nigeria: reviewing 2024 and an outlook on 2025

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The report explores how people in Nigeria access financial services with focus on account ownership and the trend across the age range, gender, and education, among others. It looks into the importance of agency banking (PoS agents), the usage, and challenges. The report also explores people’s financial decisions and preferences for 2025.
  • Bank or mobile money account and the role of location, gender, and age, among others
  • Bank or mobile money account ownership in 2022 and 2024
  • Proximity of financial institution branch to people
  • Other financial services that people need
  • The services people use agency banking (PoS agents) for
  • The challenges with using agency banking
  • The financial services that people will use in 2025
  • Methodology
  • Acknowledgement
  • Introduction
  • Industry figures
  • Key figures
  • The people
    • Demography
    • Banking facilities: location and proximity
  • Bank or mobile money account ownership
    • Gender breakdown
    • Regional breakdown
    • Education and account ownership
    • Proximity of bank branch
    • Other financial services that people use
    • Banking channels
    • Challenges in accessing financial services
  • People without a bank or mobile money account
    • Reasons for account ownership
    • Financial services that people want
    • How people without bank account save or receive money from outside their community
  • Agency banking usage
    • Services people use agency banking for
    • Challenges with patronising agency banking
    • Account ownership and agency banking usage
  • 2025 outlook
    • Financial services that people will use in 2025
    • Trust in the financial Nigerian financial institutions
  • References
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Report highlights
The report explores how people in Nigeria access financial services with focus on account ownership and the trend across the age range, gender, and education, among others. It looks into the importance of agency banking (PoS agents), the usage, and challenges. The report also explores people’s financial decisions and preferences for 2025.
Year Published: 2025
Pages:
Document Type:PDF
Languages:English
Price: Free
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