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<ul>
<li>Key questions this article answers:</li>
</ul>
<ol>
<li>
CBN set a target to financially include 80% of Nigerian adults by 2020 but missed it (ended 2020 at a 65% inclusion rate). Does the AfriGo card scheme increase its chances of meeting its new 95% target inclusion rate by 2024? 
</li>
<li>
There are 36 million unbanked Nigerian adults. What benefits will they gain from owning an AfriGo card?
</li>
</ol>
</div>
 Yesterday, Yomi, our financial analyst, shared a rather interesting <a href="https://www.stears.co/premium/article/can-the-cbns-afrigo-fix-nigerias-dollar-scarcity/?utm_source=Stears+Premium&amp;utm_campaign=111ab85afd-SD_130223_Paid&amp;utm_medium=email&amp;utm_term=0_577e7bb830-111ab85afd-374936050">take</a> on CBN’s plans to introduce a new domestic card scheme (AfriGo) to help conserve our nation’s depleting fx reserves.
Another one of AfriGo’s bold promises is worth looking into because it concerns <a href="https://efina.org.ng/wp-content/uploads/2021/10/A2F-2020-Final-Report.pdf">38 million</a> Nigerian adults.
Financial inclusion.
‘Financial inclusion’ is perhaps one of the most over-used filler words that can mean a lot of things and absolutely nothing at the same time.
What exactly does it mean for CBN?
In 2012, CBN rolled out a National

Assessing AfriGo's financial inclusion plans

Savings and Other Banking Services

We look into the CBN's financial inclusion agenda for AfriGo, its domestic card scheme.

Why the odds are stacked against CBN’s AfriGo

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