Nigeria currently has a financially excluded population 46.3%. The Central Bank of Nigeria (CBN) committed to the Maya Declaration in 2011, setting the goal of reducing the percentage of financially excluded population from the current 46.3% to 20% by year 2020, and to launch and implement a national financial inclusion strategy. The national financial inclusion strategy was launched in October 2012 and a financial literacy framework has been developed and published for consultation. In addition, the Central Bank of Nigeria worked on increasing financial access touch points by granting licenses to 15 mobile payment operators and drafting agent banking guidelines. Furthermore, the importance of consumer protection has been recognized through the drafting of a new framework and establishing a new consumer protection department within the CBN.

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Source: Launching Nigeria's National Financial Inclusion Strategy by the Central Bank of Nigeria