One of EFInA’s objectives is to become an innovation centre targeting catalytic change across Nigeria’s financial sector, to make markets work better for those currently excluded from formal financial services.

The Innovation Fund is a special facility with which EFInA seeks to promote innovation in the development and deployment of financial services and thus expand financial access to the underserved population in Nigeria.  EFInA will share the risk of developing and implementing new innovations by providing a grant subsidy (up to 50%) for new commercial projects.

EFInA intends to host regular Innovation Forums to trigger debate, disseminate information and stimulate ideas in the Nigerian financial sector.