The Nigerian National Financial Inclusion Strategy (NFIS) was launched in October, 2012 and the overall target outlined in the strategy is the reduction of the number of adults excluded from access to financial services from 46.3% in 2010 to 20% in 2020. As a member of the Alliance for Fianancial Inclusion (AFI), this is in line with our Maya declaration in 2011. 3.
The broader aim of the target is that of the proposed 80% adult Nigerians to be included, at least 70% would be in the formal sector, with specific targets for services such as; payments, savings, credit, insurance and pensions outlined as well. 4.