Your submission is now a Draft.

Once it's ready, please submit your draft for review by our team of Community Moderators. Thank you!

You have been invited to co-author this question.

When it is ready, the author will submit it for review by Community Moderators. Thanks for helping!

Pending

This question now needs to be approved by community moderators.

You have been invited to co-author this question.

It now needs to be approved by community moderators. Thanks for helping!

95% Nigerian Financial Inclusion by 2025

An important concept in economic development is Financial Inclusion: the degree which a population has access to affordable, convenient, and reliable banking and financial services. One basic measure of financial inclusion is the percent of a population with a bank account. According to the World Bank, 39.7% of Nigerians had a bank account in 2017, an increase from 29.7% in 2011.

Motta, V. 2020 found a positive relationship between access to external finance and labor productivity of small/medium businesses.

In July 2019 Godwin Emefiele, Governor of the Central Bank of Nigeria, set a goal to reach 95% of the population with a bank account by 2024.

Will 95% or more of Nigerians have a bank account before 2025?

This question will be resolve as "Yes" if 95% or more of Nigerians aged 18 or older have an account at a bank or financial institution before January 1, 2025. This question will resolve according to data from the Central Bank of Nigeria; if no such data is available, or said data is known to be inaccurate, data from The World Bank may be considered, or from credible independent researchers.

If the data shows less than 95% of the population with a bank account through 2024, or If no such data is available by March 1, 2026, this question will resolve negatively.

Categories:
Finance
Social issues

Note: this question resolved before its original close time. All of your predictions came after the resolution, so you did not gain (or lose) any points for it.

Note: this question resolved before its original close time. You earned points up until the question resolution, but not afterwards.

Current points depend on your prediction, the community's prediction, and the result. Your total earned points are averaged over the lifetime of the question, so predict early to get as many points as possible! See the FAQ.