Despite years of effort from both government and private sectors, a large number of Nigeria’s population still can’t access formal financial services. This is especially true in rural areas and among marginalized groups. This study examines the factors that inhibit the potential of financial inclusion and explores digital finance solutions. By analyzing recent data and doing qualitative research on a selected number of sample respondents, the paper examines perceptions and experience on issues relating to infrastructural problems, digital literacy gaps, and sociocultural factors that affected progress of the public policy and private initiatives. The period of study considers and assess the National Financial Inclusion Strategy (NFIS) on new fintech innovations, mobile money services, and digital banking solutions that have occurred in the recent years. The observations show that though different initiatives have led to some short-term improvements, there are still major regulatory issues. These are uneven digital infrastructure, and low levels of financial awareness among consumers that keep undermining long term progress. The research also showed that most digital platforms currently operating in Nigeria focus mainly on basic payment transactions, not wealth management for economic upliftment. The move toward wealth financial products that encourage people to save and invest, supported by better financial education and simpler regulatory frameworks is lacking. The research basically argues that we need a more integrated approach that combines better digital infrastructure, improved financial literacy programs, and well-designed policy reforms to build a stronger and more inclusive financial system across Nigeria.