The NFIS strategy and targets are the first commitment to the Maya Declaration.

Targets aim at getting 80% of adult Nigerians formally served either by banks, microfinance or other financial institutions and other informal providers.

Contextually, financial inclusion is achieved when anyone can buy goods and services from market stalls or street hawkers and rural dwellers are financially served in their communities.

Nigerian adult chat-83

Can you tell us a little about the project and some of the most recent findings or learnings?

Indeed, we are conducting a research project supported by the Bill & Melinda Gates Foundation (BMGF).

The adopted store of value of the CCT scheme is bank accounts for individuals on social registers that are also verified using the bank certification numbering (BVN) scheme.

The use of bank accounts for which BVN is requisite supports unique identity verification.

My professional career commenced as a Xenix/Unix systems administrator and gradually became an applications systems tester before moving into research and development (R&D).

In my R&D capacity, I explored and experimented possibilities of new technologies and systems and their adoption in the Nigerian business environment.Can you provide us with a brief overview of your background and work at the Lagos Business School?My journey into the world of computing commenced with a degree in computer science and graduate studies in business systems analysis and design.The 2-year project titled “sustainable business models for delivering digital financial services (DFS) to the unbanked poor in Nigeria” focuses on the supply side of DFS.Last year (year one), we focused on the mobile money operators (MMOs), identifying sustainable business models and other market interventions for enhancing financial inclusion.Our reporters are providing live updates of the session.