Access Bank Plc announced hitting a 100,000 milestone in its Agency banking scheme, Access CLOSA. The Bank has empowered and commissioned these agents to ensure that the Access bank's services remain available for all customers and non-customers at every possible location and time. CLOSA Agents will be available in neighbourhoods, rural, and semi-urban areas of the country.
The Nigerian banking service in 2020 launched Access CLOSA with 50,000 agents, a figure that has doubled presently. An increase in its agency network implies more comprehensive cover, and provision of services like account opening, cash withdrawal, deposit, and bill payments will be safely and conveniently available to various communities as the Bank currently covers 774 local government areas. The progress of Access CLOSA remains a boost in the Bank's commitment to driving financial inclusion in Nigeria. For instance, people can use Google maps to search the nearest location of an Access CLOSA agent instead of working long miles to find branch offices. A simple start of encouraging people to engage the internet is significant progress in actualizing a digital financial ecosystem.
Nigeria's banking sector is very competitive. Amid big players like Firstbank Holdings, United Bank of Africa (UBA), Guaranty Trust Bank, and Zenith, Access Bank has shown its tenacity and commitment to being at the vanguard of digital banking services in Nigeria. At 29.9 billion naira, Access holds the number one spot for the most significant income earned from e-products in 2021. Access Bank continues to explore the digital space to find sufficient resources to rise to the top of Nigeria's banking industry.
Nigeria in focus:
Population: 206.1 million in 2020 as compared to 201 million in 2019
GDP: $432.3 billion compared to $448.1 billion in 2019
GDP per capita: $2,097 in 2020 compared to $2,229 in 2019