SDG Financial Access Score: ‘Nigerian banks closed 234 branches, 649’

IMF report on Nigeria sdg financial access score

The International Monetary Fund, IMF, yesterday, said that Nigerian banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to a decline in the country’s SDG Financial Access Score (FAS) to 4.44 in the year against 4.78 in 2019. The IMF disclosed this in its Financial Access Survey 2021 Trends and Developments released yesterday. According to the report, the international community uses two FAS indicators to monitor the Target 8.10 of the 2030 Sustainable Development Goals (SDGs) which aims at strengthening the capacity of domestic financial institutions…

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