EFInA launches a £2 million COVID-19 Response Fund to support solutions that can mitigate the impact of COVID-19 on Nigeria's low-income population

Partner
Share this article
LAGOS, Nigeria — Enhancing Financial Innovation & Access (EFInA) launched a £2 million COVID Fund to support solutions that can mitigate the far-reaching impact of COVID-19 on low-income individuals/households and MSMEs in Nigeria. The fund will support financial service-enabled solutions that enable access to liquidity, healthcare, and food. This grant is funded by the UK Government’s Foreign, Commonwealth & Development Office (FCDO).
Announced during a webinar on December 8
th, the initiative recognizes how COVID-19 has affected businesses globally, torn down existing systems and supply chains, inhibited access to capital or markets due to restrictions, and left families struggling to make ends meet. Research conducted by EFInA and partners in Nigeria has found that many households are experiencing food insecurity, reduced income, and challenges accessing required health services; however, the widespread use of digital financial services can help address these challenges.

Related Keywords

Nigeria ,Lagos ,United Kingdom ,British ,Ashley Immanuel ,Dayo Ademola ,Temie Giwa Tubosun ,Ben Llewellyn Jones ,Bunmi Lawson ,Paul Oluikpe ,Aisha Yakubu Bako ,Commonwealth Development Office ,Enhancing Financial Innovation ,United Kingdom Government ,Development Office ,British Deputy High Commissioner ,Chief Executive Officer ,Investment Lead ,Associate Head ,Financial Inclusion Secretariat ,நைஜீரியா ,லாகோஸ் ,ஒன்றுபட்டது கிஂக்டம் ,பிரிட்டிஷ் ,ஆஷ்லே இம்மானுவேல் ,பென் லெவெலின் ஜோன்ஸ் ,காமன்வெல்த் வளர்ச்சி அலுவலகம் ,மேம்படுத்துகிறது நிதி கண்டுபிடிப்பு ,ஒன்றுபட்டது கிஂக்டம் அரசு ,வளர்ச்சி அலுவலகம் ,பிரிட்டிஷ் துணை உயர் ஆணையர் ,தலைமை நிர்வாகி அதிகாரி ,முதலீடு வழி நடத்து ,இணை தலை ,நிதி சேர்த்தல் செயலகம் ,