EFInA Targets Financial Inclusion Expansion To 80% By 2030

Enhancing Financial Inclusion and Advancement (EFInA), Nigeria’s market facilitator for financial inclusion, has reaffirmed its commitment to ensuring that 80 per cent of Nigerian adults have access to and utilize quality formal financial services by 2030.

With over 40 million adults still excluded from the formal financial system—disproportionately affecting women (41 per cent), youth (39 per cent), and rural Northern communities—EFInA emphasizes the urgent need for action to close this gap and drive inclusive economic growth.

Speaking at a stakeholder event in Lagos, EFInA’s new Chief Executive Officer, Foyinsolami Akinjayeju, highlighted the organization’s evolving approach.

He said, “EFInA is transforming to ensure financial advancement goes beyond inclusion. Our focus is on creating real, measurable impact, making financial services a foundation for resilience, opportunity, and progress for every Nigerian.”

The event, themed “Beyond Financial Inclusion: A New Chapter Unfolds for EFInA,” also marked the unveiling of EFInA’s refreshed brand identity and a new five-year strategy aimed at expanding financial access.

The strategy prioritizes partnerships, innovative solutions, and targeted initiatives such as the Access to Financial Services (A2F) Surveys, the Gender Centre of Excellence (GCE), and Inclusion for All (I4ALL).

Prominent stakeholders, including government officials, private sector leaders, and development partners, gathered to discuss the critical role of financial inclusion in national development.

In a fireside chat, Khalifa Muhammad Sanusi II emphasized the need for innovative partnerships to drive inclusive economic growth, while Jason Lamb of the Gates Foundation highlighted EFInA’s catalytic role in Nigeria’s financial sector.

Representing the Central Bank of Nigeria, Director of Payment Systems Management, Mr. Musa Itopa-Jimoh acknowledged EFInA’s contributions.

“Beyond data and funding, EFInA has facilitated market development and shaped financial inclusion policies. This rebranding signals a renewed commitment—not just to access but to ensuring meaningful financial empowerment,” he said.

EFInA Targets Financial Inclusion Expansion To 80% By 2030 is first published on The Whistler Newspaper