Foyinsolami Akinjayeju, CEO of Enhancing Financial Innovation and Access (EFInA), announced that the organization is working with the Nigerian Communications Commission (NCC) and other agencies to improve connectivity in Nigeria. This collaboration is part of EFInA’s new corporate strategy, unveiled during an event in Lagos, themed “Beyond Financial Inclusion: A New Chapter Unfolds for EFInA.”
Akinjayeju pointed out that despite Nigeria’s high mobile and internet penetration rates, limited infrastructure in rural areas has hindered financial inclusion. She emphasized that ongoing projects aim to extend connectivity to underserved areas, leveraging mobile and digital technology to improve accessibility to financial services, especially through service agents.
The CEO also highlighted that while it may not be feasible to have banks in every community, expanding digital access via mobile phones could empower millions more to access financial services. Akinjayeju noted that many service providers are eager to tap into the growth opportunities that expanding connectivity in Nigeria presents.
