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Enhancing Financial Inclusion and Advancement (EFInA) has launched a new brand identity alongside an ambitious five-year strategy aimed at accelerating financial inclusion across Nigeria. The strategy is designed to deepen access to financial services, particularly for underserved populations, including women and rural communities.
With the theme “Beyond Financial Inclusion: A New Chapter Unfolds for EFInA,” the unveiling event in Lagos convened key stakeholders from the financial sector, government agencies, development partners, and private industry. The refreshed brand identity signifies EFInA’s evolving role as a leading regulatory technology solutions facilitator, leveraging research, advocacy, and data-driven initiatives such as the Access to Financial Services (A2F) Surveys, Gender Centre of Excellence (GCE), and Inclusion for All (I4ALL) to drive systemic change.
A 2023 EFInA report highlighted notable progress in financial inclusion, revealing that financial exclusion among Nigerian adults had declined from 53% in 2008 to 26% in 2023. With a goal of achieving 80% formal financial inclusion by 2030, EFInA remains committed to bridging financial access gaps and promoting economic empowerment.
EFInA Chair, Dr. Tokunbo Martins, reaffirmed the organization’s dedication to fostering sustainable economic growth, while CEO Foyinsolami Akinjayeju emphasized the importance of impact-driven financial services. She stated, “Financial inclusion is only the starting point—our mission is to create lasting change that empowers underserved communities, making financial services a key driver of resilience and opportunity.”
Representing the Central Bank of Nigeria (CBN), Philip Ikeazor, Deputy Governor for Financial Systems Stability, highlighted the crucial role of financial inclusion in national economic development. He noted EFInA’s contributions to regulatory policy, financial data analytics, and market development beyond research and funding initiatives.
Vice President Kashim Shettima, represented by Dr. Nurudeen Zauro, Technical Adviser to the President on Financial Inclusion and Economic Empowerment, underscored the government’s alignment with EFInA’s strategic vision. He emphasized that the organization’s initiatives complement ongoing economic and financial policy reforms.
Additionally, Jason Lamb, Deputy Director of Inclusive Financial Systems at the Gates Foundation, reinforced EFInA’s impact, stating that financial inclusion is a catalyst for economic transformation in Nigeria.
With this renewed strategy, EFInA is set to accelerate financial inclusion efforts, ensuring that regulatory compliance, compliance technology, and financial services accessibility translate into real economic empowerment for Nigerians.
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