A recent study titled "Nigeria’s Credit Landscape Report 2025" has highlighted a significant disparity in the country's financial system, indicating that despite an increase in financial inclusion among Nigerians, only approximately 6% of adults are able to access credit from formal financial institutions. The report, published by Credit Direct in June 2026, underscores the challenges faced by many individuals in obtaining credit, which remains a critical barrier to economic growth and personal financial stability. In response to these findings, Mutual Benefits has proposed several solutions aimed at bridging this credit gap, emphasizing the need for innovative financial products and improved access to credit for underserved populations.
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