EFInA's ninth Access to Financial Services in Nigeria survey, released 16 September 2026, found 79% of adults use a financial product and 64.4% use digital financial services. Formal credit penetration stands at 10% nationally, showing that account ownership is still outpacing lending.
JPMorgan's Payments Outlook for the Middle East and Africa projects a $1.5 trillion digital payments economy in Africa by 2030, with 64 billion-plus annual instant payments. It also estimates 13x growth in fintech sector revenues between 2021 and 2030.
