40 million+ Nigerians don't bank their money

Opinions Despite the awareness being created by financial institutions on financial inclusion, it has been revealed that over 40 million Nigerians still do not keep their money in the bank.

 This revelation was made by the Head, Retail Banking Business of Diamond Bank, Robert Giles, at a workshop/press conference panel on Making Digital Financial Service for Women in Lagos. 

According to Giles, “There are 40 million unbanked people in Nigeria and 60 per cent of them are women. Women are the most financially excluded in our society. But whenever they come into the financial system, they stay with you for a longer time than men. That is why at Diamond Bank, our lending rates are cheaper for women than men. 

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