This data set contains financial data gathered for a period of 14 years (2008-2014). The total population count over this period was 665 million
The total population consisted of 329 million males who accounted for 50.21% of the total population and 326 million females who accounted for 49.79% of the total population.
There was population growth from the year 2010 to 2020. The population grew from 84,700,000 million to 106,205,600 million, a 20.24% increase.
Financial access also increased and decreased in their different categories. The Banked category increased from 18.2 million in 2008 to 47.4 million in 2020 (61.6%). The excluded category decreased from 45.8 million in 2008 to 38.0 million in 2020 (20.5%).
A high percentage of the Banked category (61%) are categorized as Financially Healthy while there’s a high percentage of the Excluded category (50%) as Financially Vulnerable.
Analyzing the data from 2008- to 2020, we can see how Nigeria progressed in terms of her adult population having financial access and becoming financially inclusive. The population of people who know, use, and gave access to one financial service or the other has increased over the years. Although we are not there yet, more needs to be done in reaching the “Excluded group” and bringing the numbers to the barest minimum, especially in certain zones and groups.
So far, it’s been a PROGRESSION.
To see the full dashboard, click here
Disclaimer: ‘These dashboards are an output of hand-on-project-based visualization master class, the numbers in the dashboards have not been validated by EFInA and do not show the true picture of financial inclusion in Nigeria’