Dauda

I was delighted to speak at the Biannual Meeting of Young People Creating Awareness and Promoting Financial Inclusion and a Sustainable Economy in Africa, where I delivered a presentation titled: “Islamic Financial Inclusion: A Pathway to Shared Economic Prosperity in Northern Nigeria.” In my presentation, I examined the relationship between financial exclusion, religious convictions and economic development, particularly in Northern Nigeria, where many people have historically been reluctant to access conventional interest-based financing due to the Islamic prohibition of Riba among other factors. I highlighted how this has contributed to barriers to accessing capital for traders, farmers, entrepreneurs, young people and small business owners, despite the enormous economic potential of the region. I also emphasised that Islamic finance must be viewed beyond its religious significance. It is an important economic development instrument capable of expanding access to capital, stimulating entrepreneurship, supporting agriculture, creating jobs and unlocking investment opportunities. I made the case for strengthening Shariah-compliant financial services, expanding equity-based financing, deepening financial literacy and taking financial services closer to underserved communities. My central message was simple: No one should have to compromise their deeply held religious convictions to participate meaningfully in the economy. Northern Nigeria does not lack entrepreneurial potential, human capital or economic opportunities. What is required is an inclusive financial ecosystem that recognises the realities of its people and provides appropriate pathways to capital and economic participation. Financial inclusion must go beyond opening bank accounts. It must be about creating opportunities, empowering people, supporting enterprises and ensuring that prosperity is accessible to everyone. I appreciate the organisers for providing this platform for meaningful conversations on financial inclusion, youth development and sustainable economic prosperity across Africa. Together, we can build a financial system that leaves no one and no region behind. You can read the full speech on the comment section.