Femi Asenuga, managing director/CEO of Mutual Benefits Assurance.
Mutual Benefits Assurance Plc said a recent credit report that only 6 percent of financial included adults have access to formal credit has reinforced the urgent need for a more holistic approach to financial inclusion, one that combines access to finance with savings, insurance protection and long-term financial planning.
The leading insurer noted that while access to credit remains important for economic growth, financial protection mechanisms are equally essential in helping individuals and businesses withstand economic shocks.
Through its diverse portfolio of solutions, Mutual Benefits continues to provide Nigerians with tools to build, preserve and protect wealth. These include education-focused protection plans, life assurance products, savings-oriented solutions, motor and property insurance and business protection products designed to safeguard livelihoods and future goals.
A recent study by the Nigeria’s Credit Landscape Report 2025 revealed a striking paradox in the nation’s financial ecosystem, revealing
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