By Business Reporter
THE Namibia Statistics Agency (NSA) and the Bank of Namibia (BoN), in collaboration with South Africa’s FinMark Trust, have announced the commencement of the fourth Namibia Financial Inclusion Survey (NFIS).
The survey will be conducted to collect information on the financial needs of Namibians, we well as their access to financial service preferences and on their financial behaviour.
“The NFIS will be conducted to show how accessible financial services and products are to all members of society, including vulnerable members such as women, youth and low-income groups, at an affordable cost. The 2017 round of the NFIS will be the fourth such survey to be conducted in Namibia and the first to be conducted by the NSA, as previous surveys were conducted by the FinMark Trust and coordinated by the Bank of Namibia,” NSA Chief Executive Officer and Statistician-General, Alex Shimuafeni, said.
The survey will not cover all households in Namibia. It will be conducted only on the selected households in a random sample that will be aided by the use of a Geographic Information System (GIS).
The survey will be conducted through face-to-face interviews that will be administered by NSA staff.
It will be divided into two phases – the first being the listing phase, which will be conducted from 2 to 24 October 2017, and the second phase, which will be the interview phase that will be conducted from 24 October to 13 November 2017 in all 14 regions, in selected households.
“Conducting the NFI survey successfully depends on each of us contributing their part. The emphasis is on full participation in this survey. The nation is urged not to refuse to participate in this survey, as such is a violation of the Statistics Act 9 of 2011, which empowers the NSA to collect information for statistical purposes and protects the confidentiality of an individual’s information that is being collected. It is not only our duty to participate as citizens, but also our duty to enable Namibia to have sound information on which crucial policy decisions can be made. “The findings of the survey will be used to effectively evaluate and monitor the progress made, specifically with regard to financial inclusion, and most importantly, it will provide up-to-date data on access to and the usage of financial services and produc t s ,” Shimuafeni added.
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