CBN Unveils Five Strategies for Fintech Growth

At the 3rd Business Journal Fintech & Financial Inclusion Roundtable 2026 held in Lagos, the Central Bank of Nigeria (CBN) announced five key strategies aimed at fostering the next stage of fintech development in Nigeria. Governor Mr. Yemi Cardoso, represented by Dr. Rakiya Yusuf, Director of Payments System Supervision, stated that the focus would be on delivering digital financial services that are reliable, secure, fair, and accessible.

He emphasized the need for clear charges, prompt resolution of complaints, and effective handling of failed transactions. Mr. Babatunde Ajiboye, Assistant Director at CBN, highlighted the importance of maintaining open and fair competition among qualified participants in accessing essential payment infrastructure.

The CBN acknowledged that achieving these strategies requires collaboration with banks, fintech companies, mobile money operators, and other stakeholders. The governor expressed optimism about Nigeria's digital financial ecosystem, citing the country's young, entrepreneurial population and the capacity for innovation within financial institutions.