The Central Bank of Nigeria (CBN) has published a comprehensive assessment of the country’s fintech landscape, highlighting priorities to sustain innovation, strengthen system integrity, and drive the next phase of digital financial growth.
The report examines the scale and maturity of Nigeria’s fintech ecosystem, noting the nation’s leadership in real-time payments and the structural factors shaping recent growth. It positions fintech as a complementary force within the financial system, expanding access, efficiency, and reach while maintaining stability and resilience.
Informed by surveys and extensive stakeholder engagement, the report outlines policy directions to improve regulatory coordination, enhance supervisory capacity, and support responsible innovation, including cross-border expansion. It stresses interoperability, proportional regulation, and effective execution as key enablers of sustainable development.
The CBN said the publication serves as a shared reference for banks, fintech firms, regulators, infrastructure providers, investors, and partners, supporting coordinated implementation and consolidating Nigeria’s position in the regional and global fintech landscape.
