In recent years, financial inclusion has been broadly recognized as critical in reducing poverty and achieving inclusive economic growth that ensued various developing countries around the world to adopt financial inclusion policies in dealing with their respective financial sectors through devising National Financial Inclusion Strategies. Congruently, Ethiopia adopted its National Financial Inclusion Strategy in 2017 with the ultimate goal of achieving universal access to and use range of affordable and high quality financial products and services of regulated financial institutions by all individuals and enterprises by 2025.rnThough financial inclusion is promising towards a countryâ€Ÿs economic development, inadequate financial regulation is considered to be one of the major obstacles that hinder the realization of such a promise which signifies the role of financial regulation for financial inclusion. Accordingly, the Ethiopian Financial Inclusion Strategy suggests for the reform of the existing financial laws of the country in order for the financial inclusion strategy to reach at its potential success, without specifically dealing with which financial laws should be reformed and how such reform may be conducted.rnAs such, this paper identifies how financial regulation should be conducted to promote financial inclusion and assess whether the financial laws are devised in a manner that promote financial inclusion by giving special emphasis on the banking business regulating laws of the National Bank of Ethiopia relating account ownership, payment system and credit facility in terms of promoting the goals of the NFIS and suggest recommendations on issues that require reform and the manner such reform should take place.