What we know: 54% of the unbanked poor population (unbanked adults who live below the PPI poverty line) in the EFInA 2020 survey indicated their preference as saving their money in a safe place at home or carrying it around, suggesting the existential cash culture amongst the unbanked



On Episode 7 of Inclusion for all radio, Chinasa Collins-Ogbuo - podcast host and Head, Inclusion for all Initiative; is joined Professor Olayinka David- West, the Associate Dean of the Lagos Business School (LBS) in Nigeria where she leads the Sustainable and Inclusive Digital Financial Services (SIDFS) initiative, a research, advocacy and capacity building initiative dedicated to enhancing financial inclusion in Nigeria.

Professor David-West sets the perfect tone for further conversations about the Naira redesign directive by the CBN. She shares from her wealth of knowledge of how the directive aids financial inclusion but even with the best intentions still poses the risk of widening the exclusion gap if certain actions are not taken.

At Inclusion for all - conversations on topical issues that could disproportionately affect the vulnerable populations remain important; as we use our platform to dimension the issues using reliable data insights in addition to views from various ecosystem actors, to deepen our knowledge of the issue and guide recommendations. This is one of such conversation, as we start the Naira redesign series and continue to deepen our knowledge and understanding of the plight of low-income groups.