BACKGROUND

• EFInA – Enhancing Financial Innovation & Access is an independent, professional non-profit,
   non- governmental organisation conceived and funded by DFID and Ford Foundation.

• EFInA was set up in late 2007 and its purpose is to promote pro-poor financial sector    development in Nigeria.

• EFInA distinguishes itself from other financial sector programs in Nigeria in three ways

Firstly, its focus is on broad-based and diversified access to financial services

Secondly, whilst most other projects have focused on particular retail institutions, EFInA will engage with a broad set of actors at all levels of the market.

Thirdly, EFInA will target key infrastructural components of the market, especially information, policy and regulatory development.

PROGRAMME DESIGN:

EFInA will work at three levels of the financial market to build its overall architecture.  These include: 

- the support level, with an emphasis on information

- the delivery organisations  to facilitate innovation, capacity development and competition

- the institutional infrastructure of the market the policies, laws, regulations and norms that    govern market conduct, including working with selected CBN departments and innovators    among financial service providers.