Overcoming gender gap in Nigeria represents a major obstacle that must be resolved if the country must achieve set targets in its National Financial Inclusion Strategy (NFIS). Gender gap as witnessed in Nigeria is larger than in most other countries, and as financial inclusion increases for both men and women, gender gap is widening. While countries in Africa such as Kenya, South Africa, Tanzania, and Uganda are experiencing decreasing gender gap, Nigeria on the other hand, is not recording such corresponding momentous feat. A report on, “Assessment of Women’s Financial Inclusion in Nigeria,” by the Central Bank of Nigeria (CBN) in conjunction with Enhancing Financial Innovation and Access (EFInA), revealed that Nigeria faces a particularly significant and growing gender gap in financial inclusion, where its landscape presents both opportunities and challenges. According to him, EFInA’s engagement with regulators has ensured the development of regulations that supports and promotes financial inclusion in Nigeria.

Source: The Guardian December 31, 2019 04:41 UTC