The World Bank has said, that the proportion of Nigerians holding accounts at regulated institutions—such as banks, credit unions, microfinance organizations, post offices, or mobile money service providers—rose from 16% to 45% in 2021. According to the world bank, from 51% in 2011 to 76% in 2021, global account ownership climbed by 50%. Nigeria’s account ownership growth increased from 30% to 45% throughout the time period under consideration.
This information was provided by the bank in a paper titled “The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19.” Overall account ownership in emerging economies increased by 30 percentage points, from 42% in, according to the report.
