Nigeria, Sept. 17 -- A new report by Enhancing Financial Inclusion and Advancement (EFInA) has found that Nigeria's financial exclusion rate has fallen to 21 per cent. However, the remaining gap is increasingly concentrated among people with fewer economic resources.

The finding is contained in the 2026 Access to Financial Services in Nigeria (A2F) Survey launched by EFInA in Abuja on Wednesday.

According to the report, 53 per cent of adults in the poorest wealth quintile remained financially excluded, compared with just 1 per cent in the richest quintile.

It said almost half of financially excluded Nigerians were in the poorest 20 per cent of the population, highlighting the growing link between poverty and exclusion from formal finan...