Terms of Reference: i2i Data Collection & Verification Study of Financial Access Points in Nigeria

“The Central Bank of Nigeria seeks to automate the process of capturing selected financial access points. To find out how this process should be automated in the most efficient way, the Financial Inclusion Secretariat of the Central Bank of Nigeria seeks to hire a consulting firm to conduct data collection and verification of access point in Nigeria.

Background

Nigeria launched its National Financial Inclusion Strategy in October 2012 with the overall target of reducing the adult financial exclusion rate from 46.3% in 2010 to 20% by 2020. Additionally, the Strategy defined five targets for financial products as well as five targets for channels of financial services delivery, including commercial bank branches, microfinance bank branches, Automated Teller Machines (ATMs), Point-of-Sales (PoS) terminals, and agents.

As the process of capturing GPS coordinates of financial access points manually is expensive and data remains static until a new Survey is conducted, the The Central Bank of Nigeria seeks to automate the process of capturing selected financial access points.

Objectives

The specific objectives of the study are the following:

  • To verify existing addresses of selected financial access points,
  • To verify the functionality and activity of selected financial access points,
  • To manually capture GPS coordinates and verify GPS coordinates generated through an automated geocode of selected financial access points,
  • To make recommendations on the most effective and efficient process for capturing of GPS coordinates on a regular basis in future.

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