Financial Inclusion as a Human Right in Nigeria

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It is argued in this chapter that access to basic financial services should be recognised as an essential human right in Nigeria. This perspective contributes to the discourse in three significant ways. First and foremost, it establishes the essence of this right by adopting a human-centred approach to financial inclusion. Moreover, this standpoint is reinforced by two well-founded human rights rationales, one stressing individual autonomy and the other anchored in the right to a decent standard of living. Finally, the chapter delves into the implications of enacting legislation, offering valuable insights on how Nigeria can utilise this to enhance the well-being of its citizens and promote financial inclusion. Consequently, the chapter suggests the implementation of a ‘Financial Inclusion Act’ (FIA) in Nigeria's post-COVID environment, with the regulatory body playing an active role in monitoring and advancing this progression. Additionally, it emphasises the critical need for the Nigerian government to address poverty and uplift its citizens in order to achieve true financial inclusion.
Original languageEnglish
Title of host publicationLaw and Sustainable Development After Covid-19
EditorsAugustine Arimoro, Ezinne Igbokwe, Tamaraudoubra Egbe
PublisherRoutledge, Taylor & Francis Group
Number of pages29
ISBN (Electronic)9781003453499
ISBN (Print)9781032591995
Publication statusPublished - 18 Jun 2024

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