The Non-interest Finance Working Group (NIFWG) was established by EFInA in October 2009 to bring together market operators and regulators through a multi-institutional platform in order to develop the non-interest finance industry in Nigeria and drive the uptake of these products.
The key objectives of the working group include:
- Creating a platform where market operators and regulators can discuss approaches for developing the sector
- Deepening the uptake and usage of non-interest banking/finance products in order to promote financial inclusion in Nigeria
- By facilitating the availability of non-interest banking/finance products
- By developing enabling regulations and policies to support development of the non-interest banking/finance sector
The NIFWG comprises of the following institutions: