70 Million Active Mobile Line Owners In Nigeria Have No Bank Accounts

About 70 million active mobile line owners in the country do not have bank accounts, the CEO of eTranzact International Plc., Niyi Toluwalope, has said.

Toluwalope, who stated this recently at the Capital Market Correspondents Association of Nigerian (CAMCAN) 2021 Annual Workshop in Lagos, said that 110 million Nigerians owned 150 million mobile phone lines but only about 40 million had active bank verification numbers.

Toluwalope said there is a need to close the gap, especially as regards small and medium enterprises.

Speaking on “Technology as a Tool for Financial Inclusion in Nigeria: A Fintech Approach”, he said that financial inclusion was important to the capital market industry.


About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

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