30 August 2018 :According to a recent World Bank study, Nigeria appears to have taken a step back in financial inclusion over the past three years. The data showed that bank account ownership in the country was 40% as at 2017, a mild decline from 44% in 2014, and below the Sub-Saharan Africa (SSA) average of 43%. Financial inclusion is the process of ensuring that every class of the population has access to the necessary financial products and services they need. In an increasingly global business environment, access to financial services is necessary to sustain businesses and households. Given the increasing focus of banks on digital offerings, analysts anticipate an improvement in inclusion over the medium to long term, as mobile and broadband penetration deepens. 

Reporting for EasyKobo on Thursday ,30 August 2018 in Lagos, Nigeria

Source: Vetiva Capital Management Limited