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.
| Indicator | Value |
|---|---|
| Stars | ★★★☆☆ |
| Platform | Metaculus |
| Number of forecasts | 209 |
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...