FCMB's Blessing Ehize Advocates for Digital Collaboration

On October 23, 2026, experts from the financial services and technology sectors convened at the GrowthX by Techeconomy 2026 conference in Lagos, advocating for stronger collaboration among banks, fintech companies, regulators, and infrastructure providers to enhance Nigeria's digital economy. During a panel session titled “Data Localisation, Security and Future of Payments in Nigeria,” Blessing Ehize, Chief Technology Officer of First City Monument Bank (FCMB), emphasized that data localisation should be seen as an opportunity to bolster Nigeria's digital infrastructure and public trust in digital financial services.

She stated that achieving data localisation objectives necessitates investments in infrastructure, cybersecurity, and technical expertise. The panel discussed the implications of the Central Bank of Nigeria’s data localisation directive, including its effects on data sovereignty, digital identity, and cybersecurity.

Peter Oluka, founder and editor-in-chief of Techeconomy, noted that the conference aimed to address practical challenges faced by businesses and regulators in shaping Africa's digital future.