In 2021 Nigeria had 122.3 million active bank customers. According to February 2022 data only 39% of Nigerians use the formal banking system.

As has been shown elsewhere, mobile money offerings, as well as other digital services, can extend banking to the unbanked.

https://theconversation.com/nigeria-and-digital-banking-a-revolution-still-waiting-to-happen-203435

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Nigeria and digital banking: a revolution still waiting to happen

Nigeria’s Central Bank didn’t have an adoption strategy for its digital currency. It was a missed opportunity.

^{The Conversation}