Title:
Landscape of Financial Services
Start Date:
April 2010
Completion Date:
June 2010
Client(s):
Government of Nigeria
Funder(s):
Enhancing Financial Innovation and Access
Location:
Nigeria, Western Africa,
Key Contact:
Mateo Cabello
Summary:
OPM was appointed by Enhancing Financial Innovation and Access (EFInA) to undertake a supply side survey of financial services in Nigeria. The primary objectives of the assignment were to document Nigeria’s financial infrastructure, establish levels of financial access and usage from a supply perspective and provide the necessary context within which the levels and trends in access to these services could be evaluated. The analysis also aimed to identify possible barriers to access and fill any information gaps relating to financial access highlighted by the EFInA Access to Finance 2008 survey findings. The outcome was a detailed mapping of the landscape of financial services in Nigeria, and the identification of windows of opportunity for improving access to financial services by MSMEs and low-income people .