24 Million Nigerians Ignored and Neglected By Nigerian Banks

A Nigerian Bank

24 Million Nigerians Ignored and Neglected By Nigerian Banks

24 million people in Nigeria have been ignored and neglected by Nigerian banks according to the latest 2009 HSBC Global Report. These millions of people who are not yet included in the banked population can boost the growth of Nigerian banks in spite of the adverse effects of the global economic meltdown.

“The potential for growth among Nigerian banks is sizeable and largely untapped as studies indicated that up to 24 million people have yet to be included in the banked population, which given both the country’s demographics and income dynamics, leaves the banks with considerable potential to capture new customers.”
~ HSBC Global Report on Nigerian Banks, June 2009.





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