Moniepoint's Eniolorunda Advocates Cash Flow Lending Model
Moniepoint Group CEO, Tosin Eniolorunda, stated that Nigerian lenders should prioritize cash flow over collateral when assessing businesses for loans. This perspective follows the EFInA 2026 Access to Financial Services in Nigeria (A2F) Survey, which revealed that formal credit use among Nigerian adults rose to 10% in 2026 from 6% in 2023.
Eniolorunda emphasized that trust is essential for financial service access, advocating for the use of transaction data in lending decisions. Moniepoint aims to help Nigeria achieve the National Financial Inclusion Strategy target of 40% formal credit penetration.
The company's survey indicated that 83% of users reported an improved quality of life, with 85% feeling more confident in reaching their financial goals. In 2025, Moniepoint disbursed over $700 million to MSMEs, with a significant portion of borrowers accessing formal credit for the first time.
The EFInA survey, conducted with 18,679 adults, found that formal financial inclusion reached 73%, surpassing the 70% NFIS target.
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