Banking the unbanked: the noble but unrosy path to financial inclusion
Bankly's is banking the unbanked. Source: Stears Business

When Arese Ugwu's "The Smart Money Woman" series was released on Netflix earlier this month, the positive reviews wouldn't stop. "This should be made compulsory in secondary schools…." and "Subtly teaching financial prudence…" were a few of my favourite reactions to the seven-episode series.

As a financial literacy and personal finance buff, I couldn't agree more. I mean, I binge-watched it on a school night.

The series perfectly captured how easy it is to fall into traumatic financial situations within the blink of an eye. And the show makes it clear that this can happen without losing your source of income.

Thankfully, the show also showed how you could still get back on track and become financially independent by tracking your finances if that ever happened to you. But guess what? Even though tracking finances—earnings and expenditure—is much easier when done digitally, many Nigerians still use cash.

So, for a

This story is only available to Premium subscribers Subscribe or sign in to finish reading

Not ready to subscribe? Register to read a selection of free stories

Adesola Afolabi

Adesola Afolabi

Read Latest

What is Nigeria’s best chance at high economic growth?

PREMIUM - 05 OCT 2022

How do mini-grids provide electricity in cities?

PREMIUM - 04 OCT 2022

Pound getting pounded: What can Nigeria learn from the UK?

PREMIUM - 30 SEP 2022

Why Nigeria's population should matter to its next President

PREMIUM - 29 SEP 2022

Download our mobile app for a more immersive reading experience

Scan QR code
mobile download