Access to Financial Services in Nigeria 2020 Dataset

The A2F Survey, which stands for “Access to Financial Services,” is a nationally representative survey conducted in Nigeria. It assesses the access to and use of financial services by Nigerian adults aged 18 and above across all 36 states and the Federal Capital Territory (FCT) of Abuja. EFInA initiated the A2F Survey in 2008 when financial inclusion was relatively unknown in Nigeria, even among bankers and regulators. The primary purpose of the A2F Survey was to gather credible data on financial inclusion in Nigeria. This data helps to identify opportunities for policy reform and market opportunities for financial service providers. The A2F Survey provides information about how Nigerians access and use financial services. It also offers insights into national trends in financial inclusion, financial health, the impact of events like Covid-19, Naira re-design, customer trust in financial institutions, and the adoption of digital financial services. The A2F Survey is universally recognized by financial sector stakeholders in Nigeria. It serves as an established and leading source of information on national trends in financial inclusion, aiding industry professionals and policymakers in making informed decisions. The survey is conducted every two years and aims to: a. Document the usage of financial products across both the formal and informal sectors from an urban and rural perspective. b. Provide insights into regulatory and market obstacles to growth and innovation in the financial sector. c. Identify the financial needs of the adult population and thereby allow service providers to develop innovative products to serve them. d. Provide credible data that highlights opportunities for policy reform and supports evidence-based financial inclusion policies. The EFInA Access to Financial Services in Nigeria 2020 survey results have been disseminated. The findings from the survey highlight the opportunities to extend financial services to the unbanked and under-banked low-income segments in the country. The EFInA Access to Financial Services in Nigeria survey is nationwide and covers over 20,000 consumers.