Enhancing Financial Innovation & Access (EFInA)

Enhancing Financial Innovation & Access (EFInA) is a leading financial sector development organisation working to promote financial inclusion in Nigeria. Established in late 2007, EFInA’s vision is to be the leader in facilitating an all-inclusive and growth-promoting financial system. EFInA is funded by the UK Government’s Department for International Development (DFID) and the Bill & Melinda Gates Foundation.

EFInA is well renowned within Nigeria’s Financial sector development space for providing thought leadership toward achieving financial inclusion and championing the unbanked. Through funding and catalysing innovation, providing cutting-edge research, advocating for enabling inclusive policies and building capacity, EFInA has built a reputation as an “honest broker” amongst both the private and public sectors. Data from the EFInA Access to Financial Services in Nigeria surveys was a credible source of information used by Policy Makers and Regulators, including the Central Bank of Nigeria (CBN), the National Insurance Commission (NAICOM), the National Pension commission and others to formulate regulations and policies in order to support the National Financial Inclusion Strategy. These data are also widely used by a diverse range of stakeholders, including banks, mobile money operators, insurance companies, academia, and consulting firms as a benchmark for financial inclusion in Nigeria. Furthermore, financial services providers use EFInA’s research to develop a range of relevant financial products through gaining insights and understanding of consumers’ needs.